Bharti Hexacom shares worth over ₹17,500 crore free up for trade as shareholder lock-in period ends

Shares of Bharti Hexacom Ltd., a unit of telecom services provider Bharti Airtel Ltd. will be in focus on Monday, October 13, as its shareholder lock-in period ends.According to a note from Nuvama Alternative & Quantitative Research, Bharti Hexacom’s one-and-a-half year and beyond shareholder lock-in period ends today.

With this shareholder lock-in period ending, as many as 10 crore shares, or 20% of Bharti Hexacom’s outstanding equity will free up for trading, as per Nuvama Alternative.

It must be noted that the shareholder lock-in period ending does not mean that all the shares will be sold in the open market. They only become eligible to be traded.Based on Friday’s closing price, the amount of shares that become eligible to be traded after the shareholder lock-in, are worth ₹17,510 crore.

Promoters of Bharti Hexacom have a 70% stake in the company, based on its June quarter shareholding pattern.

Shares of Bharti Hexacom made their stock market debut in April, 2024, at an issue price of ₹570 per share. As of Friday’s closing, the stock has more than tripled from its IPO price, having gained 207% from its issue price.