HomeNewsBusinessStocksBulk deals: Radakishan Damani buys Rs 86.25 crore worth additional shares in VST Industries

Bulk deals: Radakishan Damani buys Rs 86.25 crore worth additional shares in VST Industries

Damani held 32.89 percent stake in the company as of December 2023. This sale has increased his stake to 35.84 percent.

April 16, 2024 / 22:19 IST
Story continues below Advertisement
Bulk deals
Radakishan Damani bought 2.33 lakh shares of VST Industries, 1.51 percent stake at an average price of Rs 3,689.96.

In VST Industries, veteran investor Radakishan Damani bought 2.33 lakh shares, or a 1.51 percent stake at an average price of Rs 3,689.96. Damani, who held 32.89 percent stake in the company as of December 2023, bought shares worth Rs 86.25 crore. This sale has increased his stake to 35.84 percent.

In January, Damani had acquired 1.44 percent stake in the company, which took his shareholding to above 30 percent mark and made him the largest shareholder in the company as the promoters held 32.16 percent stake.

Story continues below Advertisement

Meanwhile, HDFC Mutual fund sold 3.3 lakh shares in the company at Rs 3,690.23 per share. HDFC Mutual Fund sold 2.15 percent stake. They held 5.84 percent stake til December 2023 as per shareholding data.

Shares of VST Industries fell 0.43 percent to Rs 3,687.35 on the NSE.