“Infrastructure major Larsen & Toubro (L&T) on Wednesday (December 4) said it has successfully completed the acquisition of a 15% stake in E2E Networks Ltd through a preferential allotment. In addition to this, L&T is set to acquire a further 6% stake from the promoters of E2E Networks, with the secondary acquisition expected to be finalised on or before May 30, 2025.” → from cnbc article
So for first 15 percent shareholding percentages were diluted and then promoter gets to sell their stake directly?
So in theory when this was announced overnight migh stake in company was reduced by 15%. And now i do not get the chance to sell my shares to L&T or any other instituion.
Don’t really like how this deal happend. Maybe L&T will take it to new heights but such astronomical growth requires great money but on expense of minority share holders is not really a good look.
PE clearly defines the expectations.
Lot is getting ready to go wrong i guess.
Disclaimer: Very small position