Why was depledging done by Money wise financial services and not by the promoters?
Does this mean that the financial company has decided to sell the shares off? Because of non payment of loans?
In other depledging notices ,the promoters had depledged shares.In this notice the promoters are not shown as the ‘depledgers’
Today huge volume & delivery based selling…
Something is going on?
how do you say it delivery selling and not buying? as it ended negative? is it?
generally Omkar would have fall more than 1-2% in such high volumes…
but there were decent amount of buyers available
Still approx 31 lakh shares of Pravin Herlekar remains pledged…
and 3.5 lakh shares of rishikesh herlekar remains pledged…
around 15-16% of total shares i believe
Can someone explain today’s disclosures?
it says after everything 28 Lakh shares still pledged
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I wonder if it also means that the promoter stake has come down from 51.04% to 47.25%. 
If that is the case, then it is worrisome. I hope I am wrong.
They are depledging every time by selling off more shares.
Its very difficult to understand both the disclosures…even after 1 hour of arithmetics & calculations still unable to make out the exact status of promoters shareholding?
Is it 47.25 or 51.03 ?
Any of the experts on this board please check the disclosures & update…If the shareholding has gone down then its indeed worrisome
New disclosures seems to suggest that the promoter hold 51.04% and out of that 3.79% is still under pledge this is what I have gathered from todays notification. I am not sure if my reading is right , I might be wrong also
Looks like they sold !!!. The notification itself says sale…
The notification on y’day says Parvin share has come down to the tune of 7,45,000 since last filing. This seems to have been sold as per the filing today and constitutes 3.79%
For one moment can we all forget whether the largest shareholder owns 45% or 51%. Look at the “business” growth and “business” profits. That is what I think we need to see if we are buying the entire business. Then forget about wether which shareholder owns what % of the business. Frankly, even that is clear, and not worth discussing about any further. Would you want to buy the entire business if you could afford it? Then it would be better to look at the other real fundamentals and not worry about one shareholders holding percentage. He could be dead in a few years. The business will live on. What is the real thing you are looking at buying?
Maybe what u say is true, but not in Omkar’s case. The majority shareholders are going to be running the business for you in the foreseeable future. And it is very important to be able to trust them. If they keep not-walking-the-talk then it should be a reason of concern for minority shareholders.
If I am reading their disclosure correctly, it looks like promoter’s holding is down by 3.79%
Attached find my math.
Disclosure: Invested with highest allocation of my portfolio.
It’s the jockey (management/promoters) who runs the horse (business). I would assess both jockey and horse before placing my bet. Just my 2 cents.
Good for you mate. We know the jockey is frail and human. Horse just does what it does. Does what it’s good at. One thing. Jockeys and horses still are no different than casinos. I gamble at casinos and have fun doing it. Just don’t come back and invest thinking I am in a casino 
I own businesses. Private and public (the latter as a shareholder) I don’t dump my private businesses and I don’t dump the latter. As long as they show revenue growth and profit growing. Leave the madness to the market specialists. That’s my dumb philosophy anyways. Don’t buy omkar. Friendly advise. Wait for “full clarity”. I am meanwhile increasing my holdings. Since I see only top line and bottom line. I don’t visit the racecourse for investing. I visit it for fun.
Its true that we dont have to worry too heavily on the % of promoter, that being said what people are concerning is that the management failed to stick to there word, but it can happen as they might not be good at managing shareholder sentiments , I always gets a feel that they are heavily concentrated on the business and not much worried about that they couldn’t stick to there word. The fact that they have made Omkar such a good company and out of it they turned a new venture Lasa is another amazing factor, so its not that they dont know how to make money out of business. I trust the management and I will give them time and see how lasa gets listed, there is no point in worrying too much about there % shareholding . Also we should be happy because of all these issues only the company is available at these valuations, and its giving ample time to add good quantity of shares. My views might be biased as I have holdings in the company and I am willing to hold it.
Dis : Invested 10%
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If the promoters are selling to de-pledge the shares. Think about the pressure on the working capital side. Good businesses have come to nought because of debt and WC pressure - Jain Irrigation is a case in point. Leaving aside the profit and revenue growth, where is the cash flow. If such is the case, the business take long time to set itself on the right course. Promoter selling stake is not an issue on itself per se, but going against what was repeatedly promised is a concern. When such things happen, the rerating will not happen that easily
To be honest, i am in Omkar only for LASA, which has a great value.
Disc: Invested, but trying to see counter views.
Rather than speculating the promoter sale, it may be wise to reach out to the company to get the right data. I do agree that promoters should walk the talk. They had promised multiple times that their share holding will not go below 51%.
Consolidated Pledge data already shows Promoter Holding 47.53% and remaining as public…
So its clear…its sold… no need to speculate here…
But it doesn’t make much difference as this happens regularly here… WC requirements and promises made by promoters are provoking them to sell more…
widout depledging…demerger won’t happen so this is bound to happen…
Disc - Invested (12% of portfolio) and Planning to invest more