This is pretty strange though. I do remember promoters saying that they are not thinking of any further dilution post the sale of their stake I believe couple of months back but seems they again have done it.
While I have always believed in the promoters this is something I find it difficult to digest. While enough have been discussed about the good and the bad of the stake sale of promoter — my only point is — This does increase the supply and thus makes it a bit difficult for the stock price to go up since all the buyers who wanted to buy and because of which the price would have gone up are now done buying via promoter selling and not from open market.
Discl. – Not holding and no activity/trade done in last couple of months. Studying.
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