There has been instances of promoter clarifying about stake sell recently. The reason mentioned is ‘Diversification’. I fail to understand why the promoter need to diversify if the company is growing so nicely and the goal is to reach 100CR quarterly run rate in next couple of years.
Also, does anyone know how to track the % stake sold by promoter. I could not find this details in regular company filings on screener.
Also while studying about management, I noticed regarding acquistion of US subsidiary - Ksolves LLC - at only 7.8Lac (which was the profit earned by that company previous year). This clearly shows promoter are minority shareholder friendly.
Also, debt free, asset light, regularly sharing dividends with shareholders, but at the same time, promoter is selling and reducing their stake. Has anyone thought about contradictory evidences?
Also, I could not find much details about one of the promoter company Ksolves Technology Private Limited. Has anyone checked about the same? Is it still in existence? and its revenue and profit history and promoter stake in it? and Related party transactions?
Studying currently. No position as of now.
Thanks,
Pankit
Subscribe To Our Free Newsletter |