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.
Mukesh Ambani polevaults to 12th position as world's richest Indian with net worth of $59.4 bn after m-cap nears Rs 10 lakh cr
With Reliance Industries having overtaken British energy giant BP Plc to become the sixth-largest energy company in the world, the conglomerate is now valued at $138 billion
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.
Rakesh Jhunjhunwala, Radhakishan Damani battle it out with big industry players to bid for Binani Cement
The banks had claimed Rs 3,884 crore unpaid loans due on Binani Cement that included borrowings from the SBI, Canara Bank and Bank of Baroda.
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
Rakesh Jhunjhunwala's guru and now India's ace retailer, Radhakishan Damani must have made a killing from the stock market rally this year for the owner of retail chain D-Mart, just bought 37,000 square feet spread over five floors in an office building in Mumbai's plush Nariman Point for a whopping Rs 134.25 crore.<br />