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The Economic Times
The Economic Times
Kumar Gaurav

NSE IPO: Every Rs 10 move in shares could swing Radhakishan Damani’s wealth by nearly Rs 40 crore

NSE IPO Kumar Gaurav SEBI Insurance LIC RHP

Veteran billionaire investor Radhakishan Shivkishan Damani could see the value of his National Stock Exchange (NSE) holding swing by nearly Rs 40 crore for every Rs 10 move in the exchange’s share price after listing.

Damani holds 3.91 crore NSE shares, representing a 1.58% stake in the exchange, according to its Red Herring Prospectus (RHP). At the upper end of the IPO price band of Rs 1,785, his holding is valued at around Rs 6,980 crore.

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