Raise money, again raise money even after having good cash on balance sheet, do buyback just after QIP, sell near 1% stake just after buyback!
Its high time the management should clarify all the capital allocation/ equity decision they have taken since ipo in detailed manner!
Its a MAJOR RED flag according to me!
They were proudly saying during ipo that they have never raised money and all growth was organic and through internal accruals but as the IPO gets into the market this happens:
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