First, please let me give my disclosure.. I had honestly decided not to post publicly again on VP. But then rules are meant to be broken I am breaking my rule because I realized I have gained so much more by being part of the VP family that giving back is more important for me.
Now, gentlemen and ladies, please please start to look at the real picture, and please don't sell or buy on information that is not correct. I know sometimes it is confusing and this is a classic example.
The sales yesterday and today have not been done by Pravin Herlekar. They have been done by Omkar Herlekar. This is also the same for the new pledge.
As the very brilliant @giridesh3 helped us understand a long time ago, the two brothers are going their separate ways and the father is ensuring that it is done smoothly so that the small investors do not suffer and neither do their families or employees.
Now, going ahead Omkar Herlekar does not have any interest in OSCL, so he is going to pledge and sell his stake in OSCL as his baby is LASA and if he needs funds for it he will surely sell his OSCL holding which now means nothing to him. And let me say with as much confidence as I can state, he is going to do a brilliant job with LASA.
So if he needs funds for LASA, why should he not sell and pledge his OSCL shares which is a company he no longer as an emotional interest in?
On the other side, I had also felt that appointing Rishikesh as a wholesome director was maybe premature, but on further thought, Pravin is growing older, and it is just common sense succession planning. Of course, we look forward to having Mr. Pravin around till he turns a 100 years old.
He is teaching Rishikesh the ropes and on further digging I found that Rishikesh is also getting his chemical base from where Omkar studied. They are both from a high pedigree institution.
Assess this as a long term play, please stay away from daily stock prices based on the merger / demerger and share sale by players who have other great businesses to build and are funding them.
This is how special situations play out and the real strength needed is to "wait" till it is actually is completed playing out.
Patience and conviction is the key here.
Everything is on the right track. Follow the revenues, margins, growth, IP's, new markets being successfully opened and not the share sales and purchases my dear friends.