Radhakishan Damani sells 1 lakh shares in VST Industries for Rs 4.4 crore via block deal

Ace investor Radhakishan Damani has sold 1 lakh shares in VST Industries for Rs 4.4 crore via block deal. He sold shares at a price of Rs 439.05 apiece which was slightly above the Wednesday closing price of Rs 437.85.

Today the stock settled at Rs 444, gaining by Rs 6.15 or 1.40%

Damani who is the founder and promoter of DMart, had on Tuesday sold 1 lakh shares or a 0.64% stake in VST Industries for Rs 4.39 crore via a bulk deal.


In the block deal, the buyers were Reliance Mutual Fund and Thrift Savings Plan.

These 1 lakh shares sold today represent 0.65% stake in VST Industries.

After the share sale, Damani's holding in VST Industries has come down to 2.82 per cent from 3.47 per cent.

Reliance Mutual Fund and Thrift Savings Plan acquired 1,68,970 shares, amounting to a 1.09 per cent stake in VST Industries in the price range of Rs 439.96-440.74 apiece, taking the transaction value to Rs 7.44 crore.

Thrift Savings Plan is a contribution plan for United States civil service employees and retirees as well as for members of the uniformed services.