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RK Damani increases stake in India Cements

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Radhakishan Damani has increased his stake in India Cements to 22.76 per cent, up from 21.14 per cent at the end of September 2021 quarter, as per a regulatory filing report.

Damani has been marginally increasing his stake in the cement giant since last year. He held 19.89 per cent shares in the company in the March quarter of 2020, followed by a marginal increase to 20.4 per cent in July 2020. In January 2021, Damani had increased his stake to 21.14 per cent, and maintained the same for the next 11 months.

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