Shares of newly listed Pine Labs Ltd. will remain in focus on Friday, December 12, as its one-month shareholder lock-in period comes to an end.

As many as 39.7 million shares or 3% of the company's outstanding will free up for trade as the lock-in comes to an end tomorrow, according to Nuvama Alternative & Quantitative Research.

Based on Thursday's market level, the value of the shares that will free up for trade tomorrow is worth nearly ₹960 crore.

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

This is the second out of the two instances of shareholder lock-ins ending that Pine Labs will see this week.

The first instance of Pine Labs' shareholder lock-in ending t

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