Carraro India, Mamata Machinery dip on pre-listing shareholder lock-in expiry

Carraro India

26/06/2025 11:02

** Shares of auto parts maker Carraro India CARD.NS and packaging firm Mamata Machinery MAMA.NS fall 2% and 1.2% on the day

** Dip as about 28 million shares, representing 49% of stake of CARD and 12 million shares, accounting for 50% of MAMA, became available for trading as the pre-listing shareholder lock-in is lifted

   ** Some investors are likely to have sold the shares on the lock-in expiry, to exit the stocks to limit losses, say two traders

** CARD is down 38.5% from its issue price of 704 rupees, while MAMA is down 31% from its issue price of 600 rupees

** Both companies made their market debut at the end of December 2024

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))