Retail individual investors should be exempted from the lock-in clause. Here' why;
As per the reconstruction scheme;
Total Equity Shares: 3000 Cr
🔸Existing Shareholders: 255 Cr (8.5%)
🔸SBI & co-banks: 1095 Cr (36.5%)
🔸Unissued Shares: 1650 Cr (55%)
(1/4)
Out of the 255 Cr shares held by existing shareholders;
🔸Promoters: 21 Cr (8.33%)
🔸Mutual Funds: 12 Cr (5%)
🔸Foreign Investors: 38 Cr (15%)
🔸LIC: 20 Cr (8%)
🔸Retail Investors: 122 Cr (48%)
🔸Other Investors: 42 (16%)
(2/4)
So out of the total revised equity of 3000 Cr shares, a paltry sum of 122 Cr shares (4%) is held by individual retail investors.
Even if retailers sell-off in panic;
1) It won't have much effect
2) New buyers will emerge at such lower prices
(4/4)