LGOF got their stake via conversion of fccb warrants… which was at a very low price. So any price above 400-500 will be huge profit for them.
Also, basis whatever data available, LGOF had 6.15%, and now have 5.57%. So they liquidated 0.58% from 7 June to 17 Aug. Who knows why? maybe they needed some cash urgently?
We can’t decide on any investments basis what other players do or don’t do.
Most FPIs are continuing to hold their Kiri investment.
I feel, Kiri story has a long way to go. My view, the only reason Kiri is stuck in the 450-550 zone, is due to lack of management clarity.
DISC: invested in Kiri.
| Subscribe To Our Free Newsletter |
