Tata Motors Passenger Vehicles Limited
Radhakishan Damani sold 16 lakh shares of Tata Motors Passenger Vehicles Limited for ₹52 Cr at ₹325.00 apiece in a block deal.
A global automobile manufacturer and part of the Tata conglomerate, this company designs and produces a diverse portfolio of passenger cars, utility vehicles, and commercial vehicles for domestic and international markets. The company operates integrated manufacturing facilities across multiple locations and leverages its parent group's extensive resources, expertise, and distribution networks. It competes across multiple vehicle segments with a focus on innovation, affordability, and customer accessibility.
The man who shorted Harshad Mehta and won. RK Damani made his name as Dalal Street's legendary bear in the early 1990s, was a major early shareholder in HDFC Bank, then walked away from the market to build DMart, now a ₹1.6 lakh Cr retail empire that changed Indian consumer commerce. DMart has compounded at 30%+ CAGR since its 2017 IPO. Net worth: ~$15 billion (Forbes). One of the greatest wealth creation stories in Indian market history.