DMart's Damani donates ₹100 crore towards PM Cares Fund

Our Bureau Mumbai | Updated on April 04, 2020 Published on April 04, 2020

DMart's owner, Radhakishan Damani has joined the long list of industry players who have come forward to support the country in the fight against the coronavirus pandemic. Through his Group company, Bright Star Investments Pvt Ltd , Damani has donated ₹100 crore towards the PM Cares Fund and an additional ₹55 crore to various state relief funds.

“India is witnessing unprecedented times following the spread of Covid-19. We are fully supportive of the swift actions taken by the Central, State and local government bodies of India to protect the public. Each of us also needs to do our best to protect our communities and fellow countrymen."

In this regard, “our Promoter, Radhakishan Damani through his group company Bright Star Investments Pvt Ltd donated ₹100 crore towards the PM CARES Fund and a further ₹55 crore to various state relief funds."

Damani has donated ₹10 crore each to Maharashtra and Gujarat state governments relief funds . He has also donated ₹5 crore to Andhra Pradesh, Telangana, Karnataka, Rajasthan and Punjab funds respectively. Followed by a contribution of ₹2.5 crore to Tamil Nadu, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh respectively.

Avenue Supermarts-owned DMart is an 18-year-old company multi-story hypermarket chain. It is present in 206 locations across India.

Published on April 04, 2020

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.