Overall quantity bought is 3,50,000 shares (worth approx. Rs. 6 Crores) which seems (for me as an individual) to be a peanuts considering the worth of Mr. Nandakumar.
Consider it from a point, a promoter earning handsome salary from listed company, earning approx. 75 Crores in dividend per year but reinvest just a fraction in his own company (where his family own 35%).
Reason → Either he don’t think, company is under-valued; or he is finding better opportunities to reinvest his earnings; or he is leveraged where most of the earnings are used to service personal debt.
Last time Mr. Nandakumar bought from Market in September 2022.
Note: I reinvest entire dividend back in Manappuram.
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