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Friday , 22 September 2017
Breaking News

D-Mart listed for the first time in BSE

d-mart-india

 

The D-Mart Stores which was listed for the first time on Tuesday has seen the value of the company pegged little over USD 6 Billion. The promoter of the group Mr Radhakishan Damani never wanted to list his company. With 82% shares held in the group by his family, Mr Damani is now worth a cool USD5 billion (Little over Rupees 33,000 Crores) making him richer than Anil Ambani, Ajay Piramal, Rahul Baaja and Anil Agarwal.

He is referred as Mr White & White for his White Attire and also as The Silent Operator for his reclusive nature. D-Mart is second in the organised retail store with 10 % trailing Future Group which leads the pack with 13% share in the market.

The outlets are located mostly in suburbs and non-metros and sells foods and non-foods apart from apparel and general merchandise. The first store was opened in Mumbai in 2002 and it presently has 118 stores in 45 cities.

 

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