Radhakishan Damani Sells Stake in VST Industries to Major Investors
Radhakishan Damani, founder of DMart, sold shares of VST Industries worth over Rs 4 crore via an open market transaction. This reduces his stake in VST Industries to 2.82%. Key buyers include Reliance Mutual Fund and Thrift Savings Plan, acquiring a 1.09% stake for Rs 7.44 crore.
- Country:
- India
Radhakishan Damani, the founder and promoter of DMart, executed a significant share sale on Thursday, offloading VST Industries shares worth over Rs 4 crore.
Data from the NSE revealed that Damani sold 1 lakh shares, reducing his stake in VST Industries from 3.47% to 2.82%.
The shares were sold at an average price of Rs 439.05 each. In the same transaction, Reliance Mutual Fund and Thrift Savings Plan acquired a significant number of shares, bringing their collective stake to 1.09% of VST Industries, valued at Rs 7.44 crore.
(With inputs from agencies.)
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