In the new week starting from November 24, the shareholder lock-in period for 599.55 crore shares of 4 companies is ending. These companies are Mangal Electrical Industries, Go Digit General Insurance, NTPC Green Energy and Borana Weaves. The total value of the shares that are going to be free is Rs 62,997 crore. Keep in mind that the end of the shareholder lock-in period does not mean that all the shares will be sold in the open market. These shares will become eligible for trading. The value of the shares that are free to trade has been calculated based on Friday’s closing price.
The company’s 1 month shareholder lock-in period is going to end on November 26. After this, 580.6 crore shares of the company or 69% of its outstanding equity will become free for trading. Based on Friday’s closing price, shares worth ₹56,347.42 crore will become free for trading.
The lock-in period of 6 months and above of the stock will end on November 25. After this, 18.58 crore shares of the company or 20% of the outstanding equity of the company will become free for trading. Based on Friday’s closing price, the value of these shares is ₹654.28 crore.
Mangal Electrical Industries
The company’s 3-month shareholder lock-in period is ending on November 24. According to Nuvama Alternative and Quantitative Research, 11 lakh shares of the company or 4% of its outstanding equity will become free to trade. Based on Friday’s closing price, the shares that are free to trade are valued at more than ₹46.75 crore.
The shareholder lock-in of 6 months and above of this company will end on November 27. After this, 26 lakh shares or 10% of the outstanding equity is going to be free for trading. The value of shares eligible for trade based on Friday’s closing price is ₹76.18 crore.
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