Lancer Containers

Hi,

Minerva ventures who received equity shares through FCCB conversion, 2 days ago sold almost full quantity. Why would someone sell shares just after conversion to equity and apparently in loss (if the managenment is honest and business is growing)? Am I missing here anything? Can someone who’s following the company put light on this?

To my knowledge and understanding the business is growing and they have ambitious expansion plans. Higher EBITDA than the peers. For 1500 Cr MCap company 23% FII holding is not normal, though no DII holding. Hearing 3-4 concalls(right from the 1st concall) of this company, I’ve always found Mr. Abdulkhalik Chataiwala’s voice determined and confident. Now want to understand if it’s wiser to hold longer.

Looking forward to diverse views.

Thanks

Disc – Invested from lower levels and have been holding from last 3 years.