Ramesh Damani Buys ₹13 Cr Stake in John Cockerill India; Shares Soar 14%

• Veteran investor Ramesh Damani acquired 27,500 shares of John Cockerill India for ₹13 crore via a block deal.
• Following Damani's investment, John Cockerill India's shares surged by about 14% in two days, reaching ₹5,420.
• The transaction involved promoter John Cockerill SA selling a portion of its stake at ₹4,700 per share.
• John Cockerill India manufactures industrial equipment, cold rolling mill complexes, and energy transition technologies.
• The company's shares have seen a 57% rise in the last 6 months, with a market cap of ₹2,500 crore.

Why It Matters: Ramesh Damani's ₹13 crore investment in John Cockerill India sparked a significant 14% share rally.