In line with alternate knowledge, Damani bought about 2.62 lakh shares, or about 1.7% stake within the firm, at Rs 4,102 per share. This takes the deal worth to Rs 107 crore.
In line with the newest information shareholding As per the alternate’s mannequin, public shareholders are the bulk shareholders, proudly owning 67.47% of the shares, whereas the promoters personal the remaining shares.
Amongst public shareholders, Damani holds roughly 34.66% of the corporate’s shares. Damani boosted its stake in shares of VST Industries by 2% within the second quarter. The investor held about 32.7% of the corporate on the finish of the March quarter, based on Trendlyne knowledge.
VST Industries is engaged within the manufacturing and buying and selling of tobacco-containing cigarettes and unprocessed tobacco merchandise. The corporate operates by the Tobacco and Associated Merchandise section. The corporate has manufacturing vegetation in Hyderabad and Tuplam, Telangana. The corporate may also report first-quarter outcomes tomorrow.
Brokerage agency Centrum Broking believes that slower than business progress might drive VST to re-formulate its progress technique, together with rising merchandise within the RSFT subject, increasing its community in New South Wales, specializing in the premium model “Whole” and investing in higher commerce visibility.
Shares of VST Industries fell 16.4 per cent to Rs 3,899 on the Nationwide Inventory Alternate of India (NSE) on Wednesday.
