VST Industries shares rise as Radhakishan Damani ups stake in major holding

Seasoned investor Radhakishan Damani recently increased his holdings in VST Industries, which increased the company’s stock price.

The stock price reached a high of Rs. 3819.005 per share on Tuesday against the closing price of Rs. 3685.25. Its stock price has hiked by 9% so far this year. 

The transaction was done via a block deal where Damani purchased 2.33 lakh shares at 1.5% equity holdings. The shares were sold by  HDFC Mutual Fund. 

On 2nd January this year, HDFC Mutual Fund sold 2 lakh shares and Damani acquired 1.44% of the equity holding in that.

As of today, the total holdings of Damani in VST Industries stand at 35.85%. The company is involved in the business of making and distributing cigarettes. 

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