10 months ago
NSDL, Two Other Stocks See Shareholder Lock-in Periods End
Imagine you buy a toy, but the store says you have to wait a certain amount of time before you can play with it.
That's kind of like a lock-in period for stocks.
On Monday, three companies—NSDL, Sri Lotus Developers, and M&B Engineering—will have their waiting periods end for some of their shares.
This means the people who bought these shares earlier can now choose to sell them if they want.
For NSDL, about 7.5 million shares, worth a lot of money, can now be traded.
Sri Lotus Developers and M&B Engineering also have millions of shares becoming available.
It's important to know that just because these shares can be traded doesn't mean they will be sold immediately.
It just gives the owners the option.
Lock-in periods for NSDL, Sri Lotus Developers, and M&B Engineering shares expire on Monday, November 3.
NSDL will see 7.5 million shares (4% of outstanding equity), valued at approximately ₹870 crore, become eligible for trade.
Sri Lotus Developers will have 7.9 million shares (2% of outstanding equity), worth about ₹144 crore, eligible for trading.
M&B Engineering will have 3.8 million shares (7% of outstanding equity), valued at ₹172 crore, unlocked.
The end of a lock-in period means shares become eligible for trade, not that they will necessarily be sold.
- Who
- National Securities Depository Ltd. (NSDL), Sri Lotus Developers and Realty Ltd., and M&B Engineering Ltd.
- What
- Shareholder lock-in periods are ending for shares of these companies.
- Where
- Not specified in the article
- When
- Monday, November 3
- Why
- End of predetermined lock-in periods following initial public offerings (IPOs).
Key facts
- NSDL Free Shares Value
- ₹870 crore
- NSDL Shares Unlocked
- 7.5 million (4% of outstanding equity)
- Sri Lotus Developers Free Shares Value
- ₹144 crore
- Sri Lotus Developers Shares Unlocked
- 7.9 million (2% of outstanding equity)
- M&B Engineering Free Shares Value
- ₹172 crore
- M&B Engineering Shares Unlocked
- 3.8 million (7% of outstanding equity)
Quotes
Unspecified Source
Information attributed to the analysis of NSDL's stock.
“M&B Engineering will see the unlocking of 3.8 million shares or 7% of its outstanding equity become eligible for trade tomorrow, when its three-month shareholder lock-in ends.”
CNBC TV 18
“Based on the current market price, the number of shares that will free up for trading as the lock-in period ends, are valued at nearly ₹870 crore.”
CNBC TV 18
Nuvama Alternative and Quantitative Research
A research entity providing notes on market movements.
“Shares of National Securities Depository Ltd. (NSDL), Sri Lotus Developers and Realty Ltd. and M&B Engineering Ltd. will be in focus on Monday, November 3, as shares of these companies have their respective lock-in periods ending, according to a note by Nuvama Alternative and Quantitative Research.”
CNBC TV 18
