Huge block deal today (1400 Cr odd) as promoters Kedaara capital sold off ~12% of the company with SBI MF and Amansa Holdings picking up almost the entire stake. Stock price fell 5%.
Not very experienced in the market so unsure how to read this. Typically, promoters selling is a red flag but these aren’t really the typical family promoters and the buyers are big houses so it’s sort of like 1 institution selling it to another.
Should this be read as a sign to offload the stock or does it not change much? Advice appreciated, thanks.
Disc - Don’t hold it personally but have it in a family member’s portfolio.
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