This influx of potentially available shares coincides with broader market anxieties, adding downward pressure on stock prices and raising questions about the continued strength of India's IPO market.
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Other companies with lockups that expired include Swiggy Ltd., Niva Bupa Health Insurance Co., Acme Solar Holdings Ltd. and Quadrant Future Tek Ltd., according to Nuvama Alternative.
Lock-in expiries on $4 billion of newly listed Indian shares added pressure to a stock market already down $1 trillion since ...