Diabytes
Radhakishan Damani News
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The NSE holding is currently DMart founder Radhakishan Damani's second-largest investment by value and is only behind Avenue Supermarts (DMart) he established.
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Today's story is about Radhakishan Damani, who touched several milestones, before reaching the pinnacle of success.
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Richest Indians have increased their cumulative wealth by 50%. For the 14th year in a row Mukesh Ambani remains the wealthiest Indian, followed by Gautam Adani. India's top richest have cumulative worth of $336.4 billion.
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In 2021, he saw a surge of 30% in his wealth.
Damani runs a hypermarket chain under the name DMart.
The Mumbai-based retailer runs over 200 DMart stores across the country.
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Damani will sell shares to comply with minimum public shareholding requirements.
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The offer comes at a nominal rate of Rs 800 per day, along with lunch and dinner at Rs 75 a plate each and breakfast for Rs 30.
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Avenue Supermarts, the parent of D-Mart, reported has reported a 47.45 percent jump in standalone net profit at Rs 96.66 crore for the fourth quarter ended March 31, 2017.
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Radhakishan Damani, the founder of Avenue Supermarts and a low-profile investor, has made his way into India's richest 20 club with a blockbuster listing of his company that runs D-Mart retail chain.
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The media-shy Damani's wealth has surpassed many famous Indian Billionaire –Anil Ambani, Ajay Piramal, Rahul Bajaj and Anil Agarwal.
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