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Shareholder Lock-Ins: ₹16,344 Crore Supply Due This Week
Some shares in companies cannot be sold for a set period after certain events.
This week, those limits are ending for shares in 15 companies.
Together, the shares becoming eligible to trade are worth ₹16,344 crore.
The biggest group is from CMPDI, a subsidiary of Coal India.
Its six-month restriction ends on October 6.
That will make 464 million shares available to trade, equal to 65% of the company’s shares.
At Thursday’s closing price, that group of shares was worth ₹9,512 crore.
CMPDI shares are below their post-listing high, but remain above their issue price.
Shares worth ₹16,344 crore from 15 companies are scheduled to become eligible for trading this week.
Coal India subsidiary Central Mine Planning and Design Institute (CMPDI) has the largest lock-in expiry by value.
CMPDI’s six-month shareholder lock-in ends Tuesday, October 6.
The expiry makes 464 million CMPDI shares, or 65% of its outstanding equity, eligible to trade.
At Thursday’s closing price, those CMPDI shares were worth ₹9,512 crore; the stock was down 28% from its post-listing high but 20% above its ₹179 issue price.
- Who
- Shareholders of 15 companies, including Central Mine Planning and Design Institute (CMPDI).
- What
- Shareholder lock-ins are due to expire, making shares worth ₹16,344 crore eligible to trade; CMPDI accounts for ₹9,512 crore of that value.
- Where
- Not specified in the article.
- When
- This week; CMPDI’s six-month lock-in ends Tuesday, October 6.
- Why
- The applicable shareholder lock-in periods are ending, making the shares eligible to be traded.
Potential selling supply
Shares becoming eligible
Meaning of lock-in expiry
Potential selling supply
The article highlights that a large value of shares will become eligible to trade, including 65% of CMPDI’s outstanding equity.
Shares becoming eligible
Eligibility to trade does not mean shareholders will necessarily sell; the article does not report whether they intend to do so.
Key facts
- Companies with lock-in expiries
- 15
- Total shares becoming eligible
- ₹16,344 crore
- Company with largest expiry by value
- Central Mine Planning and Design Institute (CMPDI)
- CMPDI lock-in period
- Six months
- CMPDI lock-in expiry
- Tuesday, October 6
- CMPDI shares becoming eligible
- 464 million shares, or 65% of outstanding equity
- Value of CMPDI shares eligible
- ₹9,512 crore, based on Thursday’s closing price
- CMPDI share-price comparison
- Down 28% from its post-listing high of over ₹280, but 20% above its ₹179 issue price
Sources
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