If you see the list, i am comfortable holding large firms with zero promotor holding since any issues at these firms will impact so many ppl, that even govt will step in to stop it from going to zero; case in point back in 2009 when Satyam Fiasco unfolded, govt made sure the firm survived albeit with new management of Mahindras. The same can not be said of all the new age firms with less history and resources employed.
As for Paytm, even if the official records show Promotor holding as nill; we all know VSS has much more than just the skin in this firm… One way to look at this is how much of the Top Honchos personnel wealth is tied to the stock.
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