Damani New Deal: Dmart bought shares worth Rs 75 crore in cigarette manufacturing company, great action seen in the stock

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Radhakishan Damani New Deal: Indian industrialist Radhakrishna Damani has acquired millions of shares of VST Industries in a block deal. According to the exchange, D-Mart Group has bought more than two lakh shares of VST Industries. This is equal to 1.44 percent stake in the company. It is being told that two entities related to cigarette and tobacco business sold 2.9 percent stake in VST Industries for Rs 152 crore through an open market transaction on Tuesday. After the news of the deal, shares of VST Industries jumped around 20 percent on Tuesday. At the same time, at 10.10 am today, the company’s shares were trading at Rs 4,139.85 per share with a rise of 1.96 percent i.e. Rs 79.75. However, today DMart Avenue Supermarts Ltd There has been a big decline in the shares of. The company’s shares were trading at Rs 3,973 with a fall of 3.18 percent i.e. Rs 130.35.

SBI Mutual Fund also bought shares

According to data available on bulk deals on BSE, HDFC Mutual Fund and DSP Mutual Fund have sold 1.3 per cent and 1.6 per cent stake in VST Industries, respectively. These shares were sold at a price of Rs 3,390-3,390.13 per share. Thus, the combined value of the entire transaction was Rs 152.55 crore. According to available data, SBI Mutual Fund has bought 2.25 lakh shares of VST Industries and DMart promoter Radhakishan Damani has bought more than 2.22 lakh shares at a price of Rs 3,390. Amidst this transaction, shares of VST Industries jumped 20 percent on Tuesday and closed at Rs 4,065.30.

DMart’s operating revenue increased by 17.2 percent in the third quarter

Avenue Supermarts Limited, the company operating the retail chain Dmart, increased its operating revenue by 17.18 percent on a standalone basis to Rs 13,247.33 crore in the December quarter. In the information given to the stock market on Tuesday, the company said that in the October-December quarter of a year ago, it had received revenue from operations of Rs 11,304.58 crore. Avenue Supermarts was operating 341 stores across the country till September 30. Promoted by Radhakishan Damani and his family, DMart retails basic household and personal products in markets.

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