According to a regulatory filing, Pabrai Investment Funds II and persons acting in concert, which held 7.16 percent stake in Repco Home Finance earlier, sold 17.85 lakh shares representing 2.85 percent of equity stake.
Mohnish Pabrai, Manging Partner of Pabrai Investment Funds also says that India is a tremendous market and that business in India has great growth prospects. If FIIs dance in and out of India, they will hurt themselves, says Pabrai.