Retailer education is really important: Divestment secy

A: The price that secondary market finally fell to was actually above the price at which a retailer would have got it. So, he still would have made money but then a lot of retailers go by sentiment, they don't know the market. So, when there is a sell sentiment they are just selling which is why retailer education is really important, when to buy, when to sell, what to watch. Normally, they will buy when the market is going up and they will sell when the market is going down when actually you have to see a stock at its own fundamentals.

Chinese market, yes, it seems to be a cause of worry, it seems to be the start of this spiral so to speak. Now as far as our target and our strategy is concerned I have always held that yes, it is a very ambitious target. It is more than seven times the total achievement up to 2013-14. Given that it is a big target.

We have raised a lot of money and we are watching the target. Yes, we expect lot more volatility to come in. We expect very difficult times to come in also in which situation the buffer and the disinvestment we have done in the first two quarters will stand us in good stead.