P. I. Industries Ltd. – A Unique Business Model can make it a Great Play on Agri & CSM Space

Here we go the information shared with exchanges –

PI Promoter stake sale.pdf (152.8 KB)

Edit:

Ok, now we know the reason behind the volatility.

1. Personally, I’m a wee bit disappointed that Promoter has chosen to sell at a discount to market price. The price is 610 as per @manish962‘s post above.
2. While we should respect promoter’s personal ambitions and requirements as they are the ones who worked hard and made the company what it is today, I however also would like to derive that promoters would have felt that rapid growth phase might be over and future might be a stable, long term growth phase of 18-20%, so would have timed the stake sale accordingly. I believe Salil was also alluding to this 18-20% growth in multiple interviews recently.
3. Fully agree with @hitesh2710 that focus will shift back to business and it’s as business usual and the business fundamentals won’t change.