Shares worth ₹1.75L cr set to unlock by Nov

SHARES WORTH ₹1.75 lakh crore are set to be unlocked in the next three months (August 28-November 27) as the pre-listing lock-in period of promoters, anchor investors and other shareholders in 57 companies is set to expire, according to a report by Nuvama Institutional Equities.

- ANANYA GROVER

While this unlocking will increase the supply of shares that can be sold, not all of these shareholders may sell their stake as the majority are held by promoters and other long-term investors.

Of these, the lock-in of seven companies will end on Thursday (August 28). Some of these are owner of Schloss Bangalore, owner of hotel chain The Leela, Brigade Hotels, and Aegis Vopak Terminals.