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Jio Platforms, Shiprocket, SBI Funds among 116 companies facing share lock-in expiries worth $35 billion

Reported by: Moneycontrol ·

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Jio PlatformsShiprocketState Bank of India

Summary

Moneycontrol reported that 116 companies, including Jio Platforms, Shiprocket and SBI Funds, face share lock-in expiries worth $35 billion. A lock-in is a fixed period after a listing or share allotment during which certain shareholders, such as promoters or early backers, are not allowed to sell their shares. When the lock-in ends, those shares become free to trade. The report gives the total value as $35 billion and names the three companies among the 116. It does not give a date for the expiries or say how many shares are involved for each company.

AI summary of what Moneycontrol reported. AI can make mistakes. Read the full story on Moneycontrol

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  • Moneycontrol · via Google NewsMoneycontrol says it is part of Network18, which is controlled by a trust whose sole beneficiary is Reliance Industries.Read on their site

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Moneycontrol  · via Google News · · Tone 0

Jio Platforms, Shiprocket, SBI Funds among 116 companies facing share lock-in expiries worth $35 billion

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