This is done to meet ESOP payments and tax outflows.
Many a times, insiders have to sell their shares in open market to pay for their ESOPs, as they do not have any other major assets.
Company has explained this in their filing here:
Posts tagged Value Pickr
Indiabulls Housing – A compounder from here? (04-10-2023)
HDFC Bank- we understand your world (04-10-2023)
The Bank’s CASA ratio stood at around 37.6% as of September 30, 2023, as compared to 45.4% as of September 30, 2022, and 42.5% as of June 30, 2023.
I believe the focus over the next 4 quarters shall be on improving the CASA ratio and get it back to about 42-45%.
The numbers looks alright for the quarter considering this must have been a difficult one for the management to handle with all the disruption caused by the mega merger.
AJ
Disclosure: Brought during the last year and continue to hold. Closely watching the developments.
PSP Projects – Construction Company (04-10-2023)
My technical analysis of PSP Projects.
My avg. price is about 607.
Recently break out from Cup-handle pattern.
PSP Projects – Construction Company (04-10-2023)
My technical analysis of PSP Projects.
My avg. price is about 607.
Recently break out from Cup-handle pattern.
Mishtann Foods Ltd – A possible SHORT opportunity or FRAUD? (04-10-2023)
What’s more surprising is FII and promoters are putting in money in this business.
Yash Pakka – (Previously Yash Paper) – Rising from ash (04-10-2023)
Product idea is amazing and I wish it is successful for the sake of the environment. But when someone talks about such a big expansion in an unknown country which is many times the size of their Indian business – it sounds very very fishy.
Disc: Exited
Tata Technologies (04-10-2023)
The portion reserved for employees will constitute up to 0.5 per cent of the post-offer paid-up equity share capital, while that reserved for TML shareholders will constitute up to 10 per cent of the offer, the company said in an addendum filed with the market regulator on Tuesday. These shares will be available for allocation on a proportionate basis.
Please help me understand what this means particularly what is the “record date” or equivalent for Tata Motors shareholders to be eligible. Also, where can I read the actual “addendum filed with the market regulator on Tuesday”? Addendum can be read here: SEBI | Tata Technologies Limited – Addendum to the DRHP
Dhruv consultancy (DCSL): a feasibility study – a path of stones or a smooth highway? (04-10-2023)
Thanks @anjanikari for your comments. I am still awaiting response from management on my earlier query.
On preference shares, I meant 65 rs per share not the whole amount.
You did a great in-depth job. thanks.
Dhruv consultancy (DCSL): a feasibility study – a path of stones or a smooth highway? (04-10-2023)
Thanks @anjanikari for your comments. I am still awaiting response from management on my earlier query.
On preference shares, I meant 65 rs per share not the whole amount.
You did a great in-depth job. thanks.
HDFC Bank- we understand your world (04-10-2023)
Recently have done a Balance Transfer of LAP Loan from Edelweiss to HDFC and the whole process was really frustrating, plus other banks are offering better rates like Kotak, but since there is a pre-payment penalty does not make sense to switch again, as a customer even to get a simple statement for it is really time consuming, as the LAP was sourced through RM and a way to get a statement digitally is very hard plus hard some pre payment charges levied by bank for no fault of mine, and took am=lost 1.5 yrs to escalate the issue and get those reversed, I was assured of 0 processing fees but in the end I had to pay 0.25%, the amount of docs reqd etc it is really painful for a simple Balance transfer but a friend of mine recently got a Home Loan from Kotak, his experience was a lot better.