I don’t see anything that the management has done which is untowardly.
IPO was mainly to strengthen the business. It wasnt an FPO, like mapmyindia etc were.
Only way the early investors are going to get an exit, without whom the business won’t be standing, is by selling in open market. profiting are the terms of investment.
Management tried to reduce this flow by doing the Bonus. Did nothing to damage the new investors.
Media creates “sansani” for myriads of reasons/vested interests.
Amidst the volatility, stock has crashed. Buisness, however, is still pristine. GMV growth 30% +
Without posting a losing quarter.
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