RJ’s magic with RaRe

Why did Rakesh Jhunjhunwala form a company to buy stocks named Rare Enterprise?
Ia there any benefits with corporate tag :label:

Yes there are many benefits one that comes to my mind is that it will create a separate entity and liability of rare and Rakesh would be separate. Tax benefit. Etc comes to my mind.

Different CO. means more Tax deductions and less legal requirements. Also for General Knowledge Rakesh Jhunjhunwala led Firm Applied For Mutual Fund License.

When Mr. RJ invest/ trade on his own trading account, the name shows in bulk/block trade is Rakesh Jhunjhunwala/ Rekha Jhunjhunwala.
But when he doing trading/investing as a portfolio manager for his clients then the name shows as RARE ENT.