It sounds ridiculous the way they are justifying selloffs in each other’s stakes in companies. There could be genuine difference of opinion or animosity between father - son but what does it say about their business skills? Can’t they settle differences within their homes and swap promoter stakes so that this public display could have been avoided. I would rather believe this is all premeditated as a scheme to reduce debt. If it is true, what does it say about their own outlook towards ongoing biz. They display lack of confidence in their own biz which could have forced them to take this route. It is like ‘since I have made a cake (value from demerger), I have the first right to eat it and may be the significant portion’.
I searched my old notes when I did some analysis 4-5 yrs back. I found the IIT guy a sensible 1st generation entrepreneur but his son is too aggressive and can be called as brat. I can’t give anymore supporting argument on this now. One can ignore it as well.
So as an investor we need to be sure about - are you willing to partner a guy which shows a) lack of sensitivity towards minority investors b) Lack of confidence in own biz c) lack of effective negotiation skills or conflict resolution skills.
disc- No stakes