Shareholder Lock-In: From Vishal Mega Mart to MobiKwik, these stocks are on the radar today – CNBC TV18


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As many as seven companies, ranging from retail stores operator Vishal Mega Mart Ltd. to payment solutions provider One MobiKwik Systems Ltd. will have their shareholder lock-in of various time frames ending in today’s trading session, which will free up nearly 20 crore shares for trading, according to a note by Nuvama Alternative and Quantitative Research. It must be specified though that the shareholder lock-in ending does not mean all the shares will be sold in the open market, but they only become eligible to be traded. Here is a look at these seven companies:

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Vishal Mega Mart | A lion’s share of the 19.5 crore shares that will free up for trade belong to Vishal Mega Mart. 15.38 crore shares of the company, or 3% of its outstanding equity becomes eligible to be traded once its three-month shareholder lock-in ends today. The stock has corrected 22% from its post-listing high but remains above its IPO price of ₹79.

MobiKwik share price

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One MobiKwik Systems | The parent company of payments solutions provider MobiKwik will also see its three-month lock-in period end on Monday. As many as 46 lakh shares or 6% of the company’s outstanding will become eligible to be traded today. The stock has corrected 61% from its post-listing high of nearly ₹700 and has also slipped below its IPO price of ₹269.


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