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NTPC Green Energy will see the end of its three-month shareholder lock-in period today, according to Nuvama Alternative & Quantitative Research.
As many as 18.33 crore shares or 2% of the company’s outstanding equity will become eligible to be traded as the lock-in period ends.
It must be noted that the end of a shareholder lock-in period does not mean that all the shares will be sold in the open market. They only become eligible to be traded.
NTPC currently owns 89% stake in NTPC Green Energy, after having divested stake during the company’s IPO.
For the December quarter, NTPC Green Energy reported a 4.1% growth in its topline compared to the same period last year, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) fell by 2.3%. Margins also narrowed on a year-on-year basis.
NTPC Green Energy shares slipped below their IPO price of ₹108 on February 11 and have been trading below those levels since then. The stock has declined in five out of the last six trading sessions.
Shares of NTPC Green Energy ended 0.4% lower on Friday at ₹105.5, having corrected 33% from its post-listing high of ₹155.
