NTPC Green, Go Digit Insurance and 2 More Companies to See Lock-In Expiry This Week: What You Need to Know?

This week's market will be occupied with various triggers. Out of which, one will be the expiry of shareholder lock-in periods for 4 companies, with the most significant release coming from NTPC Green Energy.

What is Lock-In Expiry?

A lock-in expiry simply means that previously restricted shares become eligible for trading. However, it does not necessarily imply they will be sold immediately in the market. The valuation of these shares is based on Friday’s closing prices. Here’s a breakdown of the companies seeing their lock-ins expire:

Mangal Electrical Industries

Mangal Electrical Industries’ three-month lock-in ends on November 24. As per news reports, 11 lakh shares, representing 4% of its outstanding equity, will become trade eligible. At Friday’s closing price, the shares have been valued at ₹46.75 crore.

Go Digit General Insurance

The six-month (and longer) lock-in period for Go Digit General Insurance concludes on November 25. This will free up 18.58 crore shares, or 20% of its total equity. Based on Friday’s close, the shares released are worth ₹654.28 crore.

NTPC Green Energy

The most substantial release this week will come on November 26, when NTPC Green Energy’s one-month lock-in period expires. A massive 580.6 crore shares, about 69% of its outstanding equity will become eligible for trade. At Friday’s closing price, this amounts to ₹56,347.42 crore worth of shares.

Also Read: Adani Enterprises Rights Issue Set to Open on November 25: All You Need to Know

Borana Weaves

The six-month and beyond lock-in of Borana Weaves ends on November 27. A total of 26 lakh shares, accounting for 10% of its equity base, will be unlocked. Their estimated value, based on Friday’s closing price, stands at ₹76.18 crore.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.