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IPO rewards D-Mart employees with Rs 2,800 cr

IPO rewards D-Mart employees with Rs 2,800 cr

Wednesday, March 22, 2017, 11:54 AM

Radhakishan Damani, the promoter of Avenue Supermarts that runs D-Mart retail stores, on Tuesday made several of his employee's rupee millionaires after the company listed at Rs 604 and closed the session at 641, up more than 114% on its IPO price. D-Mart's employees together hold about 7% of the company, currently worth about Rs 2,800 crore.
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