Damani family, one of the richest families in India, has increased their stake by 7.27 per cent in India Cements Ltd to a total of 11.98 per cent through open market purchase of 22.51 million equity shares.
Shares of India Cements on Wednesday climbed 20 per cent, extending its two-day gain to over 40 per cent after the shares were purchased by the Damani family.
According to the block deal list of National Stock Exchange, Radhakishan Damani, the founder of Avenue Supermarts and Gopikishan Damani together on Wednesday bought 11 million shares in India Cements for Rs 111
Shares of India Cements on Wednesday climbed 20 per cent, extending its two-day gain to over 40 per cent after the shares were purchased by the Damani family.
According to the block deal list of National Stock Exchange, Radhakishan Damani, the founder of Avenue Supermarts and Gopikishan Damani together on Wednesday bought 11 million shares in India Cements for Rs 111