DMart’s became bigger, owner Damani become 6th richest in India
Nabanita Dutta
News Editor
Image Credit: shortpedia
DMart has crossed Rs 1.50 lakh crore in market capitalization on Monday. With that, it has surpassed Nestle and Bajaj Finserv. Radhakishan Damani, the founder has become the 6th richest person in India with a net worth of $11.9 billion. DMart delivered strong growth in October-November 2019. Even though analysts have criticized them for being expensively valued, that hasn’t hurt the stock’s performance so far.
