New Delhi, Dec. 8 -- The shareholder lock-in period for eight companies-including IPOs like Groww, Lenskart, and Pine Labs-will expire this week, according to Nuvama Alternative & Quantitative Research.
Based on Friday's closing prices, the shares becoming eligible for trading are valued at over Rs.6,500 crore. Importantly, the end of the lock-in does not imply that all these shares will be sold; it simply means they can now be traded if holders choose to do so.
Newly listed Pine Labs will face two shareholder lock-in expiries this week. The first comes on Monday, December 8, when 19.8 million shares-about 2% of its outstanding equity-will become available for trading.
A second lock-in release follows on Friday, December 12, unlocking ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.