@UKboy wrote:Unlike CARS group, RHL management is in an ideal position to announce a right issue at any given time. It’s really depressing to see their unstoppable sellings. Otherwise RHL would have been over at least Rs45-50 mark for sure.
I suspect they will keep selling their stake until Renuka Group ltd hold 51% of RHL shares. Good thing is they are not far from 51% of RHL.
The last selling.buying was inter party. After 2 right issues for RAL and COCO and killing the share price of RHL from Rs 50 to 30 it will be the most unwise decision to do a 3rd right issue in the group at this time. Else it will be like LCEY group right magicians. Atleast they should wait until COCO, RAL recover in price along with RHL until they een think about any such decision .
Now if they do go for a right issue at this time, I would loose faith in this compnay and accuse them for treating their minority holders like xxxx.