Nothing wrong came out regarding the company. So I don t think there is much to worry here. A person can express his desire to move out of operations and that s what the erstwhile MD did. It should recover unless he got more shares to get rid of. He might require funds for his next venture which he thinks would be more profitable than sticking to poonawalla. From investors perspective what matters is to see if there are better and equally reliable alternatives. If not, better to stick, else take a calculated risk and move. The fall has been more than anyone anticipated perhaps, but all is not lost either. I didn t see any red flag yet.
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