I was invested in Thyrocare during Velumani’s time. However when Pharmeasy promoters took over, one of their early action was to pledge large chunk of their Thyrocare shares. Confused with this, I sold off immediately. I wasn’t sure of the new promoter’s ideology and thinking.
With multiple subsidiaries under same promoters, all others being loss making and private while Thyrocare being the only one with positive cashflows and listed, I was scared. It looks like a good decision in hindsight but basically, when not comfortable with promoter’s ideology, selling helps me get good sleep.