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The process of sending the child control event to parent control is called event bubbling.
If we have a button inside a gridview control, we cannot retrieve the buttonclick event directly.Whenever the button is clicked the event is propagated to parent control and then to page.
Please refer to below links for further details
https://msdn.microsoft.com/en-us/library/aa719644(v=vs.71).aspx
http://www.dotnetfunda.com/interviews/show/3660/what-is-event-bubbling-in-aspnet
Hope this helps