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Radhakishan Damani contributes Rs 100 cr to PM CARES Fund
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SME Times News Bureau | 06 Apr, 2020
Promoter of Avenue Supermarts, Radhakishan Damani has contributed Rs 100
crore to the PM-CARES Fund for the fight against the coronavirus
pandemic.
He also contributed Rs 55 crore to several state relief
funds. Damani has made the contribution through his group company
Bright Star Investments.
"We are fully supportive of the swift
actions taken by the central, state and local government bodies of India
to protect the general public. Each of us also needs to do our best to
protect our communities and fellow countrymen," a statement by Avenue
Supermarts said.
"In this regard, our promoter, Radhakishan
Damani through his group company Bright Star Investments Private
Limited, has contributed Rs 100 crore towards the PM CARES Fund and a
further Rs 55 crore to various state relief funds," it said.
Donations
to states include, Rs 10 crore each to Maharashtra and Gujarat, Rs 5
crore each to Andhra Pradesh, Telangana, Karnataka, Rajasthan and Punjab
and Rs 2.5 crore each to Tamil Nadu, Chhattisgarh, Madhya Pradesh and
Uttar Pradesh.
Damani's Avenue Supermarts Ltd owns and operates
the one-stop supermarket chain DMart. Damani is also known for his
investments in the Indian equity market.
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