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DMart Owner Buys Rs 1100 Crore Shares in 100-Year-Old Company: What's the Big Play?
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D-Mart Owner Radhakishan Damani Buys Rs 1100 Crore Shares in 100-Year-Old Company
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News18
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21-03-2026, 20:21
D-Mart Owner Radhakishan Damani Buys Rs 1100 Crore Shares in 100-Year-Old Company
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Veteran investor Radhakishan Damani invests Rs 1100 crore in VST Industries Ltd, a 100-year-old company.
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VST Industries Ltd, established in 1930 as 'Wazir Sultan Tobacco Company', is a debt-free company with stable profits.
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Damani has held an investment in the company since March 2016, now owning approximately 29% stake.
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The company boasts a 'zero debt' status, 21% ROCE, and a 4.5% dividend yield, making it attractive amidst market volatility.
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Despite a recent share price decline, VST Industries Ltd trades at an attractive 17x PE ratio, below its historical and industry average.
Read Full Article on News18 in Marathi
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