Manu Manek was formed in a short sale of shares to make a profit. It was so powerful that the BSE (Bombay Stock Exchange) was closed for a few days in the late 1980s.
Later, Manu Manek formed the bear cartel (a group of people that manipulate the stock market to earn profits are referred to as a cartel) in which the 3R's
1)Rakesh Jhunjhunwala
2) Radhakishan Damani
3)Raju (Chartist)
were his famous associates. This bear cartel group followed the same ideology as Manu Manek.
1)Rakesh Jhunjhunwala
Occupation :- Owner Of Rare Enterprises,investor,trador and Film Producer.
-----> Rakesh Jhunjhunwala, also known as the ‘big bull’ or ‘Indian Warren Buffett’ was born on 5th July 1960 in Mumbai. His father was an Income tax officer.
Rakesh Jhunjhunwala consistently used to hear his father discussing stock market with his friends. As he was very curious about stocks, so once he asked his father why the stock price fluctuates daily? His father suggested him to read newspapers as its the news that makes the price of stocks to fluctuate.
Rakesh Jhunjhunwala also expressed his wish to pursue a career in the stock market. However, his father suggested him to first get a graduate degree from a college. Rakesh Jhunjhunwala graduated from Sydenham College in 1985 as a chartered accountant.
After graduation, he again discussed his career goal as a stock market investor with his father. To this, his father replied that he is permitted to pursue any career. However, he also added that he’s not going to give him any money, nor he can ask the initial capital from any of his father’s friends.
2)Radhakishan Damani
Famously known as Mr. White and White. He started his career as an investor in the stock market in the year 1980. Before entering the stock market, Radhakishan Damani had begun his career with a small ‘ball-bearing’ trading business.
In 2001, After reaching such great heights, he suddenly quit the stock market business and decided to enter the retail industry.
He launches Dmart supermarkets and hypermarket chain. After this, he announced the IPO of D-Mart in the year 2017.
This company has now become the 18th most valuable company in the country. Its market cap is more than Bajaj Finserv and Nestle.
3)Raju (Chartist)
----> Varun Kulkarni is an actor based in India. Varun has appeared in films and web shows such as Tubelight (2017), Mere Pyaare Prime Minister (2018), The Family Man (2019) and Ghoomketu(2020). He has been in plays like Halwa, Bamboo Shoots, Reason for Treason and Shamshaan Main Khada Bevkoof, Blueticks, Words Have been Uttered and Sunset in the East.
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