Avenue Supermarts, which owns and operates retail chain DMart, on Wednesday became the 11th most valued Indian firm by market valuation following a rally in its share price
Damani made the contributions through his group company Bright Star Investments.
Avenue Supermarts founder Radhakishan Damani becomes India’s second richest person; networth soars to $17.9 billion
Damani and family are the promoters of Avenue Supermarts. Their wealth jumped by close to $96 million as Avenue Supermarts' shares peaked at Rs 2,559 apiece on 13 February.
Avenue Supermarts market-cap crosses Rs 1.5 lakh cr; Radhakishan Damani becomes 6th wealthiest individual in India
The Damani-promoted Avenue Supermarts value has gone past Nestlé India and Bajaj Finserv.
Avenue Supermarts' market valuation rose by Rs 3,751.56 crore to surge past Rs 1,03,145.56 crore on the BSE
The market valuation of Avenue Supermarts, the operator of retail chain D-Mart, surged past the Rs 1 lakh crore-mark in intra-day trade on Monday
DMart owner Avenue Supermarts' shares drop after promoter Radhakishan Damani decides to sell up to 1% stake
Shares of Avenue Supermarts plunged over 5 percent on Friday as Radhakishan Damani, the promoter of the company, will sell up to 1 percent stake in the firm.
Radhakishan Damani will sell shares to comply with minimum public shareholding requirements.
Biocon, HDFC Std Life Insurance, InterGlobe Aviation, Avenue Supermarts to be added to MSCI India index
The changes in the constituents for MSCI India domestic index will take place as of close of 31 May, 2018, MSCI India announced on Monday
With the listing at a premium of over 114 per cent, the shares controlled by 61-year-old Damani, including through his family members and investment firms, are now worth a stellar US $5.1 billion.
After the rise in Avenue Supermart's share price on Tuesday, the valuation of Damani and his family's holding in the company crossed $5 bn. He is now wealtheir than Rahul Bajaj, Anil Ambani, Anil Agarwal and Ajay Piramal
During the company's public issue between 8-10 March, Avenue supermarts saw robust investor demand and was oversubscribed 103.72 times
Retail investors category was subscribed 4.06 times of the shares on the offer.
Avenue Supermarts yesterday raised nearly Rs 561 crore by allotting shares to anchor investors.
This will be the biggest public issue since PNB Housing Finance's offering in October last year, which had garnered Rs 3,000 crore.