




Lenskart proposes to utilise the proceeds from the IPO for various strategic initiatives, including capital expenditure for setting up new Company-operated Company-owned (CoCo) stores in India
The commercial paper, which has been issued on Monday and will mature after 91 days on December 29, 2025, bears a coupon rate of 6 per cent.
Brokerages remained divided on DMart's stock after a slower-than-expected Q2FY25 growth, with concerns over store expansions and earnings weighing on analysts' ratings.
Reliance Mutual Fund bought 85,000 shares of VST Industries at an average price of Rs 439.96.
Radhakishan Damani will be among the top winners of VST Industries' bonus issue as the ace investor held 34.7 percent equity stake in the company as of June 30, 2024.
Ace investor Radhakishan Damani has kept Mangalam Organics in his portfolio since the June quarter of FY21, when he bought a 2.2 percent stake in the commodity chemicals company.
Mangalam Organics' promoter, Kamalkumar Ramgopal Dujodwala lapped up nearly 4 percent stake in the company through a block deal on September 2.
VST Industries' strong margins, improving operation efficiency by shifting base, new capex is expected to drive growth for the company.
Damani holds stake in the company through two entities- Derive Trading and Resorts Pvt. Ltd. and Bright Star Investments Pvt. Ltd.
VST Industries reported nearly 6 percent on-year growth in revenue from operations to Rs 468.42 crore for Q3FY24.
Strong dividend yield, inexpensive valuations and solid return on equity versus peers are the factors working in favour of the stock
SBI Mutual Fund picked additional 2.25 lakh shares at same average price in VST Industries
As many as 6 lakh shares changed hands during trade today, significantly higher than one-week average of 5,000
He is closely followed by Binny Bansal and Sachin Bansal, founders of e-commerce behemoth Flipkart, with an equity value of Rs 1.19 lakh crore
As per the latest shareholding pattern of Andhra Paper, Damani-backed Bright Star Investment held 1 percent stake in the company, which totaled to 3.9 lakh equity shares
According to Euromonitor International, India's beauty and personal care market is expected to reach $18.3 billion by 2023.