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RK Damani buys 16 lakh shares of India Cements

The investor and his family have been steadily increasing stake in the company.

ETMarkets.com|
Last Updated: Mar 26, 2020, 08.30 AM IST
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Damani-1---BCCL
At the end of the December quarter, Damani held 4.73% stake in the cement manufacturer.
Investor Radhakishan Damani bought 16 lakh shares of India Cements on Wednesday at Rs 94.97 per share, BSE bulk deal data showed, reports Our Bureau. The investor and his family have been steadily increasing stake in the company.

On Monday, India Cements said that Gopikishan Damani, Radhakishan Damani, Shrikantadevi Damani and Derive Investments have picked up 1.2 crore shares or 4 per cent stake through open market purchases between February 27 and March 16, raising stake to 16 per cent from 11.98 per cent.

On February 26, India Cements had said that the investor family has increased stake in the cement maker to 11.98 per cent from 7.27 per cent. At the end of the December quarter, Damani held 4.73 per cent stake in the cement manufacturer. Shares of India Cements ended up nearly 8 per cent at Rs 95.85 on Wednesday.
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