Gurudakshina? DMart's Damani likely to manage Jhunjhunwala's trust

Trust in guru's name: Damani could manage Big Bull's estate

Radhakishan Damani, the promoter of DMart retail chain, is likely to head the trust that will manage the estate of Rakesh Jhunjhunwala, as per a report by Moneycontrol.com.

Damani is the promoter of Avenue Supermarts, which has a market cap of Rs 2.75 trillion and runs the successful value retail chain. The investor-turned entrepreneur was Jhunjhunwala's mentor when he started his investment journey in 1985. Jhunjhunwala often credited his father and Damani for his success.

Besides Damani, other trustees would include Kalpraj Dharamshi and Amal Parikh, the report added. All three were very close to the ace investor, who died