Ann: Change in substantial holding from NSE, page-8

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  1. 90 Posts.
    It could also be that NSE agreed not to take up the stock in the SPP in order to make way for new investors. I suspect this is likely as the new board would have been keen to dilute NSE and the SPP closed fully subscribed, so they must have had somebody to take the stock (maybe even the new directors).
 
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