Zen Technologies Limited CC-Dec23.pdf · 2024-01-29
I am a very long-time shareholder for the company. If you remember every time you are saying that we will change our orbit and I always ask you when we change our orbit and last time when I talked to you, you told me we have changed our orbit and we are now moving to the next orbit. There are three question to you, sir, if you don't mind. Why you sold your 2% stake to the Tata AIG. Are you thinking that you get from Tata Advanced? This is a little worry. Why is the promoter sold his stake to the Tata AIG? Second question is why you come with the QIP? Why you did not come with the rights issue? It will be rewarding to the minority shareholders also. And last question is that there is a news that DRDO also established their anti drone system and they delegated to the private players like Tata Advanced and L&T. So, any competition from this side you are acknowledging or not?
Sir, why you sold your 2% stake to Tata AIG?