Damani family increases stake in India Cements from 11.98% to 16%

Share prices of India Cements saw a one-month peak at Rs 104.6 per share on February 26

Damani family, one of the richest families in India, has further increased their stake in India Cements Ltd from 11.98 per cent to 16 per cent through open market transactions till March 16, 2020. 

On February 26, India Cements had said that the investor family increased their stake by 7.27 per cent to 11.98 per cent.

The cement manufacturer on Monday said that Gopikishan Damani, Radhakishan Damani, Shrikantadevi Damani and Derive Investments, where the first two are partners, have picked up 1,24,57,180 equity shares, which is around 4.02 per cent of the total shares in the company, through open market purchase, between