It is very difficult for us to think/understand the calculations and strategies of such big HNIs like
@anantagg and
@MRavichandran and others. I remember a sentence for them :
**A MEANINGFUL SILENCE IS ALWAYS BETTER THAN MEANINGLESS WORDS**
So, it is very difficult to say whether they need money for other IPOs and so sell in such losses. By selling in such losses, they always earn out of it. Not possible to describe the reason.
I may be wrong in my thinking.