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Outperforming Dhoot Transmission shares worth over ₹850 crore free up today as lock-in ends

Reported by: CNBC TV18 ·

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Dhoot Transmission

Summary

CNBC TV18 reported that the lock-in on Dhoot Transmission shares ends today, freeing shares worth over ₹850 crore for trading. A lock-in is a fixed period after listing during which certain shareholders cannot sell their shares. The outlet said the company's IPO had two parts: a fresh issue of equity shares worth ₹1,400 crore, where the money goes to the company, and an offer for sale (OFS) of about 1.9 crore shares by existing shareholders, including Bain Capital. In an OFS, selling shareholders get the money, not the company. The report describes the shares as having outperformed, but gives no price or listing figure.

AI summary of what CNBC TV18 reported. AI can make mistakes. Read the full story on CNBC TV18

Learn: What is an IPO, and why GMP is unofficial

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CNBC TV18  · · Tone 0

Outperforming Dhoot Transmission shares worth over ₹850 crore free up today as lock-in ends

Dhoot Transmission's IPO comprised a fresh issue of equity shares worth ₹1,400 crore and an offer for sale (OFS) of around 1.9 crore shares by existing shareholders, including Bain Capital.

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  • IPO

    An IPO is when a company sells its shares to the public for the first time. Learn about price bands, lot sizes, allotment, and why the "grey market premium" is not official data.

    Learn: What is an IPO, and why GMP is unofficial

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