Just some updates which might be important.
- delisting failed … I think thats positive in long term.
- Stock jumped and bhavook tripathi reduced stake 3% (https://www.bseindia.com/xml-data/corpfiling/AttachLive/00151DA9_9B21_46CF_B1A4_659071F4D754_192304.pdf)
- R systems announced acquisition of Velotio for cash. INR 2,788 Million the revenues of Velotio are disclosed. It doesnt look cheap but also not super expensive
a. FY 2020-2021: INR 440 Million;
b. FY 2021-2022: INR 828 Million; and
c. FY 2022-2023: INR 1,274 Million.
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