In accordance with a regulatory submitting, Gopikishan Shivkishan Damani bought 10 lakh fairness shares of the Chennai-based cement maker in the course of 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 in opposition to 2,62,16,496 fairness shares or 8.46 per cent holding within the previous quarter.
Nevertheless, his elder brother, Radhakishan Damani, stored his stake unchanged at 3,51,32,665 fairness shares or 11.34 per cent in the course of the interval below evaluate.
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 in the course of the quarter.
Their cumulative holding stood at 7,93,31,008 shares or 25.6 per cent stake within the not too long ago 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 to this point. Within the final one 12 months, the counter has gained greater than 35 per cent.
In accordance with the info from Trendlyne, Radhakishan Damani publicly holds 14 shares with a web price of over Rs 175,630.9 crore as per the newest company shareholdings filed.