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Are Aptech promoters encashing their investment?

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Promoters leaving Aptech?
Aptech: Quotes, News
BSE 235.95BSE Quote0.5 (0.21%)
NSE 235.50NSE Quote0.25 (0.11%)
Rumors on the street is that the computer training institute Aptech's promoters may sell entire or part of stake in the company.

The promoters hold 35.8% stake in the company, meanwhile Rakesh Jhunjhunwala has a 32% stake in the company and GS Damini hold 2.2 % in the company. This was according to the reports on the CNBC TV 18.

 

It also reported that the promoters have not taken a view but they have shown the expression of interest (EOI) to the board of director.

It is interesting in the wake that the company saw five bulk deals on the last day of the previous month (July 29th, 2011).

Also recently, Crisil started covering this stock with the grade of 3/5 and revised the valuation level to 4/5 in its latest report.

The Q1 numbers of Aptech was a a disappointment according to Crisil. Usually the, aptech sees enrolments for the year take place in Q1 followed by bookings in Q2. So the numbers are being awaited, based on which, Crisil has said that it will revisit its estimates.

OneIndia Money

Story first published: Tuesday, August 2, 2011, 11:48 [IST]
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