India's Bajaj Housing Finance falls as 30-day anchor lock-in period ends

Bajaj Housing Finance

14/10/2024 06:35

** Shares of India's most valued home loan financier Bajaj
Housing Finance  BAJO.NS  fall 5.7% to 142.34 rupees
    ** The minimum 30 day lock-in period for 50% of shares
allotted to anchor investors ends on Monday, freeing about 126
million shares for sale 
    ** Lock-in period prevents anchor investors from selling
shares immediately after stock being listed
    ** BAJO shares set for worst session in about a week
    ** Stock down ~14% since listing in mid-Sept 


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))