I find it odd that they raise Rs 420 cr in Aug and not a word about the fund raise or plans for deployment in the July concall! Secondy, wouldn’t debt have been better than diluting our holding? Plus the fact that the promoter is also diluting little by little.
Discl: I booked > 50% in late July because the valuations and the inbuilt expectations were making me uncomfortable. Needless to say, the subsequent price rise is making me even more uncomfortable! ;-)*
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