Not much was known about Radhakishan Damani until recently. Though he is a common name in rural and semi-urban areas across North India with his D-Mart stores, this shy businessman who never agreed to list his company in the Stock Market was in for a pleasant surprise on last Friday.
Yes. His family which commands 82.2% of shares in the group, saw their listing price shoot up from Rs.631.60 on Wednesday to Rs.750.50 on Friday making it a 18.82% increase in just 2 days.
This has made Mr Damani richer by a cool Rs.6,100 crores which made him find a place in Top 20 richest Indian and also among Top 500 Global Rich List.