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.
SEE ALSO:
Coronavirus News and Updates What are the Coronavirus symptoms and how to check for them at home
Next Story
Not hard, not soft, the earliest dino eggs may have been of a 'leathery' texture to protect against damage: study
Don't need to go big to go home: Australia is turning to sustainable 'tiny houses' to fix their housing crisis!
Affordability levels to buy homes hit in last 2 years; to improve in 2024 on likely repo rate cut: JLL
Carbon tax turns into climate fight at COP28
Market to focus on macro data, global trends: Analysts
