The lock-in period of Global Surfaces, Sai Silks (Kalamandir), JSW Infrastructure, Platinum Industries and Exicom Telesystems opened on Monday with the stocks of all five companies ending the session in green
An analysis by Moneycontrol suggests that if these shareholders choose to exit after the lock-in period, these stocks could experience an estimated fund outflow of around Rs 2,10,782.40 crore, based on the closing prices of these stocks as of October 9
Experts are divided over the move, with one set believing it to be clever and another believing it’s anything but that.
PB Fintech is aiming to deliver Rs 1,000 crore in profits by FY27. The company aims to increase the annual run rate for insurance premiums from Rs 10,000 crore currently to Rs 35,000 crore by FY27.
Relaxing lock-in period norms for those surrendering trading membership, NSE today said the members who have never traded or whose last trade date exceeds more than 3 years from the date of surrender approval, will be eligible for release of their deposits.
Bankers demanded that lock-in period for tax saving deposits be brought down to three years from five years to channelise more funds into the banking sector.