Letter to BS: Nalanda Capitals acted prudently by exiting Mindtree

There's a time to let go and every entrepreneur should be able to make that call rather than drag their feet.

This refers to “Oversight, price correction behind Nalanda’s U-turn” (June 26). Nalanda Capital has been right in exiting Mindtree. Even if their decision is based on a correct assessment of the price scenario and how it is likely to move in future, this key institutional investor also seems to have realised that the fight of original promoters and minority shareholders was unreasonable, illogical and pointless. Their passionate attachment to the company perhaps made them overlook the ground reality that they didn’t have a chance to keep L&T out. The accusation of acting in concert may also have been a trigger