I was stating that he has reduced his stake slightly in ARAPL between Sept21 and Mar22.
Yes, he bought a 10% stake in ARAPL Raas for 5Cr.
As for the business, the story sounds interesting, it always does, for such start ups.
In the last couple of calls they had mentioned certain things, but there is no news on the same.
- Announcement of opening of the experience zone, was to be done by July after some delay. Dont think they have done that yet.
- In the last call they mentioned they are on the verge of signing a pilot with some e-commerce firm, no news on that front too.
- No announcement of the EV order as well.
The pilot and EV order could take some time, I can understand that. But these are critical developments which would rerate the stock price in the short term.
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