Film financier Rajubhai Shah passed away on Saturday night in Gulmarg. He, along with his wife, Rita had gone to Kashmir on a short vacation, with Mr Jayantilal Vershi Gada, Gordhan Prabhudas Tanwani and Pravinbhai Nanjibhai Shah and their spouses.
Raju Shah suffered a massive heart attack at 11:30 pm and succumbed. Tepal (Rajubhai) Ambalal Shah was 63 and owned the TA Shah Group of Companies. He also owned Sona Cinema, which he later sold to Kanakias.