In the January to March period, Radhakishan Damani's top holding by percentage was in Avenue Supermarts, where, as a promoter, he holds 67.51 percent. However, he has reduced his stake in Avenue Supermarts to 67.51 percent from 67.53 percent—the share price of which fell 16 percent during the three-month period
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As markets tided over a rough patch in the January to March period, India’s richest investor Radhakishan Damani’s made some strategic changes in his portfolio. At the end of the March quarter, the cumulative holding of Damani, the promoter of Avenue Supermarts that runs and operates retail format stores D-Mart, was worth Rs1.53 trillion. However, over the last quarter, it has declined 16.14 percent from Rs1.83 trillion in the October-December period.
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During the quarter, Damani’s top holding by percentage was in Avenue Supermarts, where, as a promoter, he holds 67.51 percent. However, he had reduced his stake in Avenue Supermarts to 67.51 percent from 67.53 percent—the share price of which fell 16 percent during the three-month period. This was followed by VST Industries, India Cements, Advani Hotels and Resorts and Aptech. Damani holds 30.71 percent in VST Industries and 20.78 percent in India Cements.
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