Ventive Hospitality shares worth over ₹8,700 crore to free up for trade as shareholder lock-in ends

Shares of Ventive Hospitality Ltd. will be in focus on Monday, December 29, as its shareholder lock-in comes to an end today.

According to Nuvama Alternative & Quantitative Research, the company will see its one-year shareholder lock-in end in today's session.

As many as 122.1 million shares of Ventive Hospitality, or 52% of the company's outstanding equity will free up for trade in today's session, according to the note.

Based on last Friday's closing price, the total value of shares that will free up for trade is worth ₹8,791 crore.

It must be noted that the end of the shareholder lock-in period does not mean all the shares will be sold in the open market, but they only become eligible to be traded.

At the end of the September quarter, promoters of Ventive Hospitality had a 88.98% stake in the company, which is nearly 14% above the Minimum Public Shareholding (MPS) norms.

Public shareholding in the company is minimal, at 11.02%.

Shares of Ventive Hospitality ended little changed on Friday at ₹720. Based on Friday's closing price, the stock is trading 12% above its issue price of ₹643 apiece.