A year back would be sometime around September 2017, but he had sold the biggest chunk in May 2017 (well before that). Disclosing after the sale is not quite meaningful (you can as well know it within a few days in the filings). And how do you know what he is saying is true? Selling 120 crores worth of stock of which 37cr is lent and a large chunk goes into somewhere else, means that a far smaller portion went into the Trust, if at all. Typically it makes sense to set up a Public Trust (where beneficiaries are the public at large) only if you get an exemption, and it usually takes more than a year to get an 80G exemption, and for a corpus of say greater than 10 cr, it will take much longer. So you generally apply for the exemption and only over a period of time infuse capital. And, very very few people, in my experience, load it with capital that you cannot take out easily later.
In any case I don’t attend analyst meets so that that was sold as fact was not known to me.
Why not? I will be happy to learn. As for DHFL, there would have been which is why it gets closed out soon. As long as there are market makers, these gaps get closed out. In this case there is no one to close this, which is surprising.
Finally, just so I am reassured, can I assume that you are not directly or indirectly connected / commercially interested in 8K Miles, other than as an investor? A LinkedIn profile would really help. Mine is here