As per the shareholding pattern released recently, Indian veteran investor and billionaire Radhakishan Damani has increased his stake in VST Industries through its investment arm Derive Trading & Resorts Pvt Ltd during the fourth quarter (Q4).
The shareholding pattern on BSE showed that Radhakishan DamaniDerived Trading has increased its stake to 4.76% in the January-March 2022 period from 4.68% equity in the previous quarter ended December 2021.
The investor holds stake in VST Industries in his own name as well as through another investor arm, Bright Star Investments Pvt Ltd, which remained unchanged at 1.63% and 25.95% as of March 2022, BSE data showed. Overall, Damani holds 32.34% stake in the company, up from 32.26% equity in the previous quarter.
Headquartered in Hyderabad, India, VST Industries manufactures and distributes cigarettes. Shares of VST Industries are down more than a percentage point in the one-year period, while the stock is almost flat in 2022 (YTD) so far.
Meanwhile, the ace investor has trimmed his stake in courier company Blue Dart Express in Q4FY22. He has reduced his stake in the company to 1.40% by March 2022, from 1.47% in the December 2021 quarter. Shares of Blue Dart are up about 25% over the past year and have gained a percentage point this year (year-to-date).
Damani Avenue controls Supermarts, a Mumbai-based retailer specializing in low-cost consumer goods. The publicly traded business sells food, clothing and other consumer products in over 200 DMart stores across India.
As per the latest corporate shareholding, Radhakishan Damani holds 14 stocks in the public domain with a net worth of over Rs 177,727 crore, as per data from Trendline.