India Cements surges 9% as RK Damani & family increases stake to 22.76%

As on September 30, 2021, RK Damani, Gopikishan Shivkishan Damani and family collectively held 21.14 per cent stake in India Cements.

Shares of India Cements surged 9 per cent to Rs 192.35 on the BSE in Wednesday’s intra-day trade after billionaire investor Radhakishan S Damani (RK Damani), Gopikishan Shivkishan Damani & family increased their stake in the company to 22.76 per cent at the end of December 20, 2021, according to disclosure made by the company to the stock exchanges.

Since March 30, 2020, they have acquired an additional 6.30 million equity shares or 2.03 per cent stake in India Cements via open market purchases, the company said. CLICK HERE FOR FULL DETAILS

Meanwhile, as on