In response to a regulatory submitting, Gopikishan Shivkishan Damani bought 10 lakh fairness shares of the Chennai-based cement maker throughout the January-March interval. Damani held 2,52,16,496 shares or 8.14 per cent stake within the firm as of March 30, 2022, as towards 2,62,16,496 fairness shares or 8.46 per cent holding within the previous quarter.
Nevertheless, his elder brother, Radhakishan Damani, saved his stake unchanged at 3,51,32,665 fairness shares or 11.34 per cent throughout the interval underneath overview.
Damani brothers individually owned one other 41,49,029 fairness shares or a 1.34 per cent stake within the firm. This stake, too, remained untouched throughout the quarter.
Their cumulative holding stood at 7,93,31,008 shares or 25.6 per cent stake within the just lately concluded quarter. This stake is price Rs 1,741.71 crore.
Regardless of a number of headwinds for the cement sector, shares of India Cements have rallied about 10 per cent in 2022 up to now. Within the final one 12 months, the counter has gained greater than 35 per cent.
In response to the information from Trendlyne, Radhakishan Damani publicly holds 14 shares with a internet price of over Rs 175,630.9 crore as per the newest company shareholdings filed.