On 21.12.23
Satin allocated shares to seven institutional investors in a QIP, to raise ~ ₹250 crore.
- ICICI Prudential Life: 20% of QIP, ₹50 crore.
- Societe Generale - ODI: 16.40%, ₹41 crore.
- Bandhan Mutual Fund: 16%, ₹40 crore.
- Morgan Stanley Asia: 14%.
- Bajaj Allianz Life Insurance: 12%.
- Bandhan Small Cap Fund: 10%.
- Other funds: Bandhan Multi Cap, Bandhan Financial Services, Ananta Capital Ventures, Ghisallo Master Fund LP also received allocations.
I think This dilution is positve on the story.but havent study who is selling ?
I dont understand the satisn business much, simply based on PE it looks attractive to me, wish to understand more about future prospect of its business.
D - Small tracking position.
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