E2E Networks Ltd – Listed small Cloud computing player

Huge volumes today! Wanted to inspect what had happened.

• Found it interesting that most of the bulk deals are just day trades (right?)
• Regarding Blume, they have additionally sold ~6L shares, totaling to ~10L shares (which should account to 60% of their holding, based on the previous posts here mentioning 11.5-12% holding )
• Net buyers are India Equity Fund and Ramdoot Realtors which accounts ~2.2L shares

Few thoughts

• Any idea on why Blume is selling their stake ?
• Will this be a negative ? I guess all the contacts of early-stage startups clientele was from the network of Blume Ventures.
• Will they exit completely and would it result in loss of access to that network ?