Shares of Vikram Solar Ltd. opened higher, and went on to hit a day's high of ₹ 313.10 in trade Thursday (November 20). The company's shareholder lock-in period came to an end today.

According to a note from Nuvama Alternative & Quantitative Research, as many as 93 lakh shares of Vikram Solar will become eligible for trading as its three-month shareholder lock-in comes to an end today.

The number of shares that become eligible to trade, amount to 3% of the company's total outstanding equity.

Based on Wednesday's closing level, the total amount of Vikram Solar shares that become eligible to be traded is worth ₹275.7 crore.

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

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