Shares of Ather Energy Ltd. fell as much as 11% on Thursday, November 6, after its shareholder lock-in came to an end and a large block deal that took place in the stock.

As many as 16.23 crore shares of Ather Energy freed up for trade on Thursday as its six-month shareholder lock-in came to an end. The number of share that free up for trade amount to 44% of the company's outstanding equity, according to Nuvama Alternative & Quantitative Research.

As per Tuesday's closing price, the number of shares that free up for trading are worth ₹10,800 crore.

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

Based on the September quarter shareholding pattern, promoters of Ather Energ

See Full Page