Latest news with #Damani
Time of India
03-07-2025
- Business
- Time of India
Radhakishan Shivkishan Damani portfolio: Ace investor's NSE stake hits Rs 9,300 crore ahead of IPO; exchange becomes his No. 2 holding by value after DMart
As the National Stock Exchange (NSE) moves closer to its long-awaited IPO, ace investor Radhakishan Damani 's early-stage investment in the bourse is delivering massive paper gains. His 1.58% stake—equivalent to 3.91 crore shares—is currently valued at around Rs 9,300 crore in the unlisted market, based on the latest grey market price of Rs 2,389 per share. This makes NSE Damani's second-largest holding by value, trailing only Avenue Supermarts ( DMart ), the retail major he founded, and placing it ahead of other notable portfolio bets such as Trent (Rs 2,788 crore) and VST Industries (Rs 1,560 crore). While it remains unclear whether Damani plans to offload any of his NSE shares during the IPO, the listing is poised to become a significant catalyst for his overall net worth, according to an ET report. The NSE stake stands out in a portfolio best known for high-conviction plays in consumer-facing sectors. Damani's core holding in DMart is currently valued at Rs 1.92 lakh crore. His investment in NSE reflects a broader strategic shift into financial infrastructure—low-noise, high-value assets with long-term tailwinds. As per data available for March 2025, Damani's portfolio across 12 publicly disclosed companies stands at over Rs 1.99 lakh crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo The NSE holding, now nearing Rs 10,000 crore in value, could add a powerful new dimension to that tally once the exchange is listed. The NSE IPO is expected to attract strong investor interest, given the exchange's dominant market share in cash equities, robust financials, and the resolution of key regulatory hurdles. The exchange received SEBI's green light to file its Draft Red Herring Prospectus (DRHP), with a potential listing likely by the final quarter of FY26. While legacy issues such as co-location and dark-fibre access had delayed NSE's IPO plans in the past, the resolution of these concerns has cleared the way for a formal listing process. Analysts expect strong demand for the issue, driven by the scarcity of listed plays in the financial infrastructure space. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
03-07-2025
- Business
- News18
Radhakishan Damani's Rs 9,300 Crore Jackpot? NSE IPO May Unlock Massive Gains
Last Updated: This holding now ranks as Damani's second-largest investment by value, behind only Avenue Supermarts (DMart) NSE IPO: Ace investor Radhakishan Shivkishan Damani — widely regarded as one of India's sharpest market minds — is poised to gain significantly from his strategic investment in the National Stock Exchange (NSE), which is edging closer to its long-awaited IPO. As per recent shareholding disclosures, Damani holds a 1.58% stake in NSE, translating to 3.91 crore shares. At the prevailing unlisted market price of Rs 2,389 per share, the value of his stake stands at a staggering Rs 9,300 crore. It's important to highlight that it is still unclear whether Damani intends to sell any part of his stake in the forthcoming IPO. This holding now ranks as Damani's second-largest investment by value, behind only Avenue Supermarts (DMart), the retail powerhouse he founded. It comfortably eclipses other major holdings in his portfolio, such as Trent (Rs 2,788 crore) and VST Industries (Rs 1,560 crore), highlighting the importance of NSE in his broader investment strategy. While Damani is best known for his high-conviction investments in the retail space — particularly his Rs 1.92 lakh crore stake in DMart — his relatively low-profile bet on NSE underscores a long-term vision aligned with India's evolving financial ecosystem. With an overall portfolio of over Rs 1.99 lakh crore across 12 listed companies (as of March 2025), NSE stands out as one of the few financial infrastructure plays in his holdings — and potentially among the most rewarding. The NSE IPO, expected to launch in FY26, could significantly boost Damani's net worth. The listing process is expected to gain momentum following SEBI's anticipated nod to the DRHP, possibly by July 2025. The exchange has also submitted two settlement applications to resolve pending co-location and dark fibre cases, a step that could remove regulatory roadblocks and pave the way for its public debut. During NSE's Q4 earnings call on May 7, MD & CEO Ashishkumar Chauhan confirmed that the exchange had responded to SEBI's February 28 letter and formally applied for the No Objection Certificate (NOC) required to move ahead with the IPO. The NSE's IPO is likely to see overwhelming investor interest, driven by its market dominance, strong financials, and monopoly status in the cash equities segment. While the issue structure will only become clear post-DRHP, the March 2025 shareholding pattern already shows significant participation from marquee institutions like SBI, LIC, GIC Re, and New India Assurance. As the IPO approaches, all eyes will be on whether Damani chooses to offload a portion of his Rs 9,300 crore holding or stays the course with what could be one of the most lucrative investments in his legendary portfolio.
Economic Times
03-07-2025
- Business
- Economic Times
Rs 9,300 crore stake! NSE IPO to unlock massive value for billionaire Radhakishan Damani
Radhakishan Damani, a prominent investor, is poised to benefit significantly from his 1.58% stake in the National Stock Exchange (NSE) as it approaches its IPO. Ace investor Radhakishan Damani is set to benefit from his investment in the National Stock Exchange. He holds a significant stake in NSE. The exchange is preparing for its IPO. Damani's investment could substantially increase his net worth. The IPO is expected in FY26. It will attract considerable investor interest. The listing could unlock value from his long-term investment. Tired of too many ads? Remove Ads A Rare Play in Financial Infrastructure Tired of too many ads? Remove Ads IPO Catalyst on the Horizon Ace investor Radhakishan Shivkishan Damani , often hailed as one of India's sharpest market minds, stands to gain substantially from his strategic stake in the National Stock Exchange NSE ), which is inching closer to its long-awaited IPO. According to shareholding filed, Damani holds a 1.58% stake in NSE, amounting to 3.91 crore shares. At the latest unlisted market price of Rs 2,389 per share, his stake is valued at a staggering Rs 9,300 crore. It's important to highlight that it is still unclear whether Damani intends to sell any part of his stake in the forthcoming makes NSE his second-largest holding by value—right after Avenue Supermarts (DMart), the retail giant he founded. It places well ahead of other key positions in his portfolio, including Trent (Rs 2,788 crore) and VST Industries (Rs 1,560 crore), underscoring the sheer scale and significance of this financial infrastructure play in his investment investment could add substantial momentum to Damani's net worth as NSE prepares for a long-awaited listing — expected sometime in FY26, following SEBI 's green light for DRHP filing, potentially by July Damani's portfolio is best known for high-conviction bets in the retail sector — most notably his Rs 1.92 lakh crore stake in Avenue Supermarts (DMart) — his quiet bet on NSE reflects a broader investment strategy that includes high-value, low-noise assets in India's financial a portfolio valued at over Rs 1.99 lakh crore across 12 publicly disclosed companies (as of March 2025), Damani's stake in NSE stands out as potentially one of the most rewarding in the near NSE's IPO is expected to attract massive investor interest, given its strong financials, market dominance, and monopoly status in the cash equities segment. For Damani, the listing could unlock considerable value from a long-term, pre-IPO investment that has now come full the exchange resolves its regulatory hurdles — including legacy co-location and dark fiber issues — the IPO timeline is taking shape. Post SEBI's no-objection certificate, the filing of the Draft Red Herring Prospectus (DRHP) and subsequent approval process is expected to stretch into late 2025, with a potential listing in Q4 FY26.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
03-07-2025
- Business
- Time of India
Rs 9,300 crore stake! NSE IPO to unlock massive value for billionaire Radhakishan Damani
Ace investor Radhakishan Shivkishan Damani, often hailed as one of India's sharpest market minds, stands to gain substantially from his strategic stake in the National Stock Exchange (NSE), which is inching closer to its long-awaited IPO. According to shareholding filed, Damani holds a 1.58% stake in NSE , amounting to 3.91 crore shares. At the latest unlisted market price of Rs 2,389 per share, his stake is valued at a staggering Rs 9,300 crore. It's important to highlight that it is still unclear whether Damani intends to sell any part of his stake in the forthcoming IPO. This makes NSE his second-largest holding by value—right after Avenue Supermarts (DMart), the retail giant he founded. It places well ahead of other key positions in his portfolio, including Trent (Rs 2,788 crore) and VST Industries (Rs 1,560 crore), underscoring the sheer scale and significance of this financial infrastructure play in his investment arsenal. This investment could add substantial momentum to Damani's net worth as NSE prepares for a long-awaited listing — expected sometime in FY26, following SEBI 's green light for DRHP filing, potentially by July 2025. A Rare Play in Financial Infrastructure While Damani's portfolio is best known for high-conviction bets in the retail sector — most notably his Rs 1.92 lakh crore stake in Avenue Supermarts (DMart) — his quiet bet on NSE reflects a broader investment strategy that includes high-value, low-noise assets in India's financial backbone. Live Events With a portfolio valued at over Rs 1.99 lakh crore across 12 publicly disclosed companies (as of March 2025), Damani's stake in NSE stands out as potentially one of the most rewarding in the near future. IPO Catalyst on the Horizon The NSE's IPO is expected to attract massive investor interest, given its strong financials, market dominance, and monopoly status in the cash equities segment. For Damani, the listing could unlock considerable value from a long-term, pre-IPO investment that has now come full circle. As the exchange resolves its regulatory hurdles — including legacy co-location and dark fiber issues — the IPO timeline is taking shape. Post SEBI's no-objection certificate, the filing of the Draft Red Herring Prospectus (DRHP) and subsequent approval process is expected to stretch into late 2025, with a potential listing in Q4 FY26. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Hans India
23-06-2025
- Business
- Hans India
Sensex may hit record highs as geopolitical tensions ease: Expert
Veteran investor Ramesh Damani believes the Indian equity markets are entering a bullish phase and may soon revisit their all-time high of nearly 86,000 on the Sensex, last touched in late 2024. According to Damani, easing geopolitical tensions and a more stable global outlook are paving the way for strong gains in equities. "President Trump's recent military decisions have reshaped the Middle East conflict narrative. Over the weekend, we saw a shift in sentiment—investors now see the possibility of peace, and that's being reflected in the markets," he said. Damani pointed to the strong performance of global indices like Israel's Tel Aviv 25, which recently hit new highs and outpaced the Dow since the onset of the Hamas conflict. "This rebound signals renewed investor confidence and hints at a return of capital to risk assets," he added. While global risks have eased in the near term, Damani warned that attention could soon return to unresolved issues in the U.S.—including rising deficits, inflation worries, and trade policy uncertainty. Back home, he believes Indian stocks are well-positioned to benefit from this global "risk-on" wave. "The 1,000-point surge on Friday shows how sensitive the market is to positive cues. This market is primed for upside. I wouldn't want to be short here," he remarked. He advised investors to view any market correction as an opportunity to build long-term positions. 'India's structural growth story is intact, and the market is set for higher levels,' Damani concluded.
