The way I look at it, this stock has gone up almost 5 times in last 2 years. To raise 500Cr. 2 years back, the promoters would have to sell 25% of the company and lose control over it. Now they are able to do that selling just 5 odd percentage and keeping their holdings above 50%. It was an opportunity and they took it. So yes the owners behaved opportunistically. However, I would be more worried if Cartica sold than if Salil Singhal sold who is in his 70s. Just my 2 cents.
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