Yes… the management has done something which is not entirely transparent. I have tried to reach out to the company but have not heard back from them. But when I look at the financials, the value of Zap is too small to fret over. Its a 200 odd cr transaction for a 7000 cr company. But definitely something to keep note of for the future. Also, the management pedigree (or the lack of it) may be built into the price.
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