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ESDS Software Solution Shares Hit 5 Percent Lower Circuit for Sixth Consecutive Session
M
Moneycontrol•05-10-2026, 17:32
ESDS Software Solution Shares Hit 5 Percent Lower Circuit for Sixth Consecutive Session
- •ESDS Software Solution shares hit the 5 percent lower circuit for the sixth straight session as the one-month shareholder lock-in period ended.
- •Nuvama Alternative & Quantitative Research reported that approximately 2.5 million shares, representing 2.5 percent of the company's equity, are now eligible for trading.
- •Market analysts clarify that the expiry of the lock-in period merely allows trading eligibility and does not guarantee immediate open market sales.
- •ESDS Software initially made a strong market debut on September 4, listing at a 76 percent premium over its issue price of Rs 429 per share.
Key Questions Answered
ESDS Software Solution shares hit the 5 percent lower circuit on Monday, coinciding with the expiration of its one-month shareholder lock-in period.
Around 2.5 million shares, accounting for 2.5 percent of the company's outstanding equity, became eligible for trading after the one-month lock-in period expired.
ESDS Software shares listed on the bourses on September 4 at a 76 percent premium to their issue price of Rs 429 per share.
