![RK Damani sells 6.91 cr shares of India Cements to UltraTech for ₹1,914 cr; stock falls 3%](https://images.assettype.com/fortuneindia%2F2022-09%2F87dcdf3f-f2aa-4cb0-bd9c-33e66cc508fd%2Fcement.jpg?rect=0,105,823,412&w=300&q=95)
RK Damani sells 6.91 cr shares of India Cements to UltraTech for ₹1,914 cr; stock falls 3%
Radhakishan Damani, the founder of DMart chain of hypermarkets, sold around 24% stake in India Cements to Ultratech Cement via block deals yesterday.
Radhakishan Damani, the founder of DMart chain of hypermarkets, sold around 24% stake in India Cements to Ultratech Cement via block deals yesterday.
Axis Securities has maintained ‘Hold’ on D-Mart shares with a target price of ₹4,150 apiece, but cut FY24 and FY25 PAT estimates by 8% and 12%, respectively.
He’s followed by Rafique A. Malik of Metro Brands, Suder Genomal of Page Industries
Top 10 Richest Indians accounted for 41.65% of the total wealth of 157 dollar billionaires. The wealth of all dollar billionaires is 25.4% of India’s FY23 GDP.
D'Mart's founder keeps a razor-sharp focus on costs to create wealth in the highly-competitive grocery segment.
ICICI Securities has maintained a ‘Hold’ rating on Avenue Supermart post Q1FY24, while Prabhudas Lilladher and JM Financial have assigned ‘Buy’ ratings.
The Radhakishan Damani-led value retailer reported revenue of ₹11,569 crore for the quarter ended December.
Adani Group’s Gautam Adani is India’s richest man, followed by Mukesh Ambani and Shapoor Mistry & Cyrus Mistry Family at second and third positions.
The top 10 of India’s richest control ₹31.71 lakh crore ($397 billion) of wealth among the $832 billion (₹66.36 lakh crore) managed by 142 dollar billionaires
The maiden Rich List by Fortune India-Waterfield Advisors reveals that the coveted club of dollar billionaires based in India is worth $832 billion — more than 1/4th of the country's GDP.