Why foreign promoters are selling stakes at heavy discounts; Anil Singhvi explains how retail investors can stay safe
Market Guru Anil Singhvi has recently spotted a fresh trend where foreign promoters offload their holding in Indian multinational firms (MNCs) at deep discounts. Though the exits are permissible, Singhvi cautions that they are damaging retail investors who end up getting stuck at the higher levels, oblivious to the impending offloads. Foreign promoters exiting Indian stocks…