We need to understand that Promoter is not one specific person in this case. There are many promoters in Praveg, some are buying stake via warrants while some others are selling. Since most of the promoters are from the same family, it can be due to some internal family related issues.
I have seen similar cases in other companies e.g. Usha martin has a promoter who is selling the shares consistently while the other promoter (brother of the first one) is increasing the stake (although in smaller quantities).
Regarding Eulogia, I agree the management didn’t make enough disclosures but I am surprised that none of the investors raised this topic in the recent concall. If the people here are so concerned about these transactions, why isn’t someone asking these questions in the concall?
For me, I don’t see any of the above mentioned points alarming and hence haven’t raised it in any discussion with management. But many members are raising these issues since many months but are unwilling to take it to the management? Has anyone written a mail to the management or raised this topic in the investors’ call? If not, then it seems suspicious that one is only raising the issues here.
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