Radhakishan Damani
DMart's Radhakishan Damani invests ₹90 crore in Lenskart ahead of IPO
Billionaire investor Radhakishan Damani, founder of Avenue Supermarts (DMart), has invested around Rs 90 crore in eyewear retailer Lenskart Solutions in a pre-IPO (initial public offering) funding round, people familiar with the development said on Friday. The investment comes ahead of Lenskart's maiden public offering, which is expected to open for public subscription next week. The eyewear retailer is looking to raise Rs 2,150 crore through fresh issuance of equity shares, besides, promoters and investors would offload 13.22 crore equity shares, according to the Draft Red Herring Prospectus (DRHP). As a part of the OFS, promoters -- Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi; investors -- SVF II Lightbulb (Cayman) Ltd, Schroders Capital Private Equity Asia Mauritius Ltd, PI Opportunities Fund II, Macritchie Investments Pte. Ltd., Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP -- would offload shares. Lenskart proposes to utilise the proceeds from the
 "DMart's Radhakishan Damani invests ₹90 crore in Lenskart ahead of IPO")
This retail-focussed stock can potentially rally up to 31%; say tech charts
DMart stock witnessed a breakout on the daily chart in recent days, overall bias to remain positive as long as the stock trades above ₹3,930 levels, suggests technical chart.
 "This retail-focussed stock can potentially rally up to 31%; say tech charts")
Radhakishan Damani-backed Avenue Supermarts adds new stores, shares gain 3%
The uptick in Avenue Supermarts' share price came on the back of the news that the company has opened 4 new stores, bringing the total number of stores to 396 as of today
 "Radhakishan Damani-backed Avenue Supermarts adds new stores, shares gain 3%")
This RK Damani-owned stock zoomed 20%; turned ex-date for 10:1 bonus
Shares of VST Industries hit a new high of Rs 486.70, as they locked in 20 per cent upper circuit on the BSE on Friday at 09:21 AM, in an otherwise a weak market.
 "This RK Damani-owned stock zoomed 20%; turned ex-date for 10:1 bonus")
RK Damani stock portfolio: How to trade in DMart, Aptech, VST Industries
Here's a technical outlook on some of the key stocks owned by ace investor Radhakishan Damani.
 "RK Damani stock portfolio: How to trade in DMart, Aptech, VST Industries")
This Radhakishan Damani-owned stock has zoomed 16% on bonus issue plan
Shares of VST Industries hit a 52-week high of Rs 4,784.45, rallied 16% after the company said its board may consider issue of bonus shares in the forthcoming meeting on Thursday, July 25, 2024.
D-Mart's Damani tops list of '200 Self-Made Entrepreneurs Of Millennia'
Sachin Bansal and Binny Bansal of Flipkart, Deepinder Goyal of Zomato among others in the list
 "D-Mart's Damani tops list of '200 Self-Made Entrepreneurs Of Millennia'")
Forbes India Richest List 2023: Mukesh Ambani reclaims top spot; full list
According to the Forbes India Rich List 2023, Savitri Jindal is the wealthiest Indian woman
 "Forbes India Richest List 2023: Mukesh Ambani reclaims top spot; full list")
Radhakishan Damani buys retail chain Health and Glow for Rs 750 crore
The transaction was done via Damani's flagship investment vehicle, Bright Star Investments, late last week
Costliest property deal: Welspun's BK Goenka buys triplex for Rs 240 crore
The penthouse has been purchased in the Three Sixty West project at Annie Besant Road in Worli, Mumbai
 "Costliest property deal: Welspun's BK Goenka buys triplex for Rs 240 crore")
Damani's close associates buy 23 flats for Rs 1,200 crore in Mumbai: Report
Each apartment is about 5,000 sq ft in size and has been sold for Rs 50-60 crore
 "Damani's close associates buy 23 flats for Rs 1,200 crore in Mumbai: Report")
Gurudakshina? DMart's Damani likely to manage Jhunjhunwala's trust
Trust in guru's name: Damani could manage Big Bull's estate
 "Gurudakshina? DMart's Damani likely to manage Jhunjhunwala's trust")
Radhakishan Damani to be the main trustee of Jhunjhunwala's investments
Rakesh Jhunjhunwala, who passed away on August 14, is said to have 'meticulously' planned everything about his wealth as he had been sick for over 8 months
 "Radhakishan Damani to be the main trustee of Jhunjhunwala's investments")
Damani's budget grocery chain DMart eyes fivefold growth in heated market
Avenue Supermarts could scale up the chain known for its knockdown prices on everything from lentils to laundry powder to 1,500 supermarkets from 284
 "Damani's budget grocery chain DMart eyes fivefold growth in heated market")
Top Headlines: Features of LIC IPO, Damani eyes partners for Ambuja buy
Business Standard brings you the top headlines at this hour
 "Top Headlines: Features of LIC IPO, Damani eyes partners for Ambuja buy")
Damani eyes partners for Ambuja Cements buy; may invest up to Rs 10,000 cr
May monetise Avenue Supermarts stake to raise funds
Damani's DMart surges 18%, hits fresh record high; stock up 33% in a week
Shares of Avenue Supermarts crossed the Rs 5,000 mark for the first time
 "Damani's DMart surges 18%, hits fresh record high; stock up 33% in a week")
Top headlines: Damani enters billionaires' club, India's IPO run continues
Business Standard brings the top headlines of the day
 "Top headlines: Damani enters billionaires' club, India's IPO run continues")
D-Mart owner Radhakishan Damani enters top 100 global billionaires' club
DMart, set up in 2002, saw strong double-digit growth in sales and profits between FY09 and FY20
 "D-Mart owner Radhakishan Damani enters top 100 global billionaires' club")
D-Mart owner Radhakishan Damani is now among world's top 100 richest people
Reclusive investor and billionaire Radhakishan Damani who owns retail chain DMart is now among the 100 richest people in the world
