The many lives of Rakesh Jhunjhunwala

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Editor's note: This is the ninth edition of Street Smart, The Morning Context’s weekly newsletter on everything that impacts corporate India. Every Thursday, Street Smart will bring you an original, reported or analytical take on issues that have the potential to shake up the business ecosystem. Jayshree here. It’s been a week where one couldn’t avoid Rakesh Jhunjhunwala even if they wanted to. He made headlines for a possible investment in an airline, something that intrigued Prince, who says this could actually be a good time to start one. But Rakesh Jhunjhunwala and an airline? From the skies, the country’s most popular stock investor was brought down to the ground with a thud. SEBI did him in. But I think the market regulator let him off lightly. Here’s why. The Big Bull’s Aptech lesson Big bull gets caught by the horns and is then quietly let off. This is how I would describe the series of events that led to the Securities and Exchange Board of India settlement order against Rakesh Jhunjhunwala and his associates.  On Wednesday evening, the market regulator allowed …