Dear sir, I want to ask you a question.
I am an investor in Relinace, have been doing SIP for a few years now, and except for the news that reach me about the company, I was not following its businesses in any way, and I chose to invest, because it is the largest conglomerate, and there will be eventual demergers, and as such, I will be having some shares of the individual entities as time goes by.
I haven’t reached the point of stopping the SIP process, there isn’t any such point per se, but the allocation hasn’t reached any level to be substantial in the PF, nor it is meaningful and makes me feel good, and now Jio is listed separately. I did not expect this to happen this soon, but it has.
So my question is, what can be done now? Sell Jio as the CMP is very much higher than the cost it was allotted at, and if the CMP is the highest it will ever be, selling now is correct, or continue adding to Reliance, and keep Jio as it is, or adding to both Reliance and Jio, and if that is the case, I have to add to the future demergers too, which I don’t think I will, because that would be buying without any knowledge of the businesses.
Except for some elementary understanding of how individual businesses got spawned from large companies and in some cases have become big, and have rewarded the investors of the original company, I have no experience.
This is my first demerger of a long term holding sir, I have had little experience with demergers before which happened with short term positions, and I sold them off after listing.
So can you throw some light on this, thank you.
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