I think there is also overhang of ongoing disupute with Surat Diamond Bourse.There claim is approx Rs 530 Cr. and litigation is going on. so, the working capital of company is stretched and in case SDB dispute settelement is delayed , they may go for QIP. But, these disputes are part of business and in my opinion long term prospects of company is good.
Disclosure: Invested and no transaction in last 30 days
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