New Delhi. Indian billionaire businessman and investor Radhakishan Damani has reduced his stake in a major cigarette company in Hyderabad. Radhakishan Damani is considered a big investment giant of the stock market, small investors keep an eye on his every decision. If you are also one of them, then this is a big news for you. In a block deal held on December 2, Radhakishan Damani sold shares of VST Industries worth Rs 33 crore. D Mart founder Radhakishan Damani sold 93,000 shares of VST Industries at Rs 3520, according to BSE data. Whereas, through the open market, Damani Estate & Finance bought 93000 shares of VST Industries at Rs.3520 only in the open market.
Significantly, VST Industries is a cigarette manufacturing company from Gujarat. Shares of VST Industries closed at Rs 3505.60 on Friday. This company is going to give bonus for the second time in a year, this week is the record date Till September 30, 2022, Radha Kishan Damani had 2,51,482 shares of VST Industries. That is, till the second quarter, his stake in the company was up to 1.63 percent.
According to the data of Trendlyne data, a big company providing stock market data, shares of VST Industries worth Rs 88 crore were held by Radhakishan Damani. What the company does VST Industries manufactures and sells cigarettes. The company has manufacturing units in Hyderabad and Toopran (Telangana). Apart from cigarettes, the company also sells un-manufactured tobacco. Let us inform, the market cap of the company is Rs 5413.32 crore. In such a situation, if you also want to invest in VST Industries, then before that you should take a look at Radhakishan Damani’s decision and invest wisely.