Well I would say that there issue about promoter being not able to achieve what has been promised and also despute in family members which resulted in demerger. In my understanding, management has not performed, some may believe that it was more bad luck and management are good. Finally one need to consider once Risk profile and opportunity to take final decision.
What I was surprised was from conclusion being drawn that management very shareholder friendly as it is proposing right issue and not private placement. Just see last one months disclosure of pledge. As per some informal discussion last pledge was created to fund cost of restructuring! I just wanted to highlight in that context to give high regards to management. Finally, it is individual choice. Wish all the investor all the best for their future!
Nothing more to say. Since not invested in the company, would have limited interest from my side to put more effort on the company.