Investors should exit Astrazeneca on immediate basis: Seshadri Bharathan

In an exclusive interview with ET Now, Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, talks about Astrazeneca. Excerpts:

Astrazeneca, on the stock what is the call?

90% of the stock is with the promoters and the offer price is band between 576 to 1152 and even if you look at last 6 months average price of Rs900 and you put a premium of 20% on that works out to around Rs1100 so if an investor is holding on to the stock should exit the stock on immediate basis.