Description
BSE announces the listing of 53,942,887 equity shares of Advent Hotels International Limited with various lock-in periods and free shares.
Summary
BSE has announced the listing of 53,942,887 equity shares of Advent Hotels International Limited. The shares are categorized into different ranges with varying lock-in periods, with some shares being freely tradable and others locked until specific dates in 2026.
Key Points
- Total equity shares listed: 53,942,887
- 28,512,109 shares are free for trading (Range 1)
- 16,760,778 shares are free for trading (Range 10)
- Multiple tranches with lock-in periods expiring on 30-10-2026, 30-05-2026, and 05-11-2026
- Shares distributed across 10 different ranges with varying quantities
Share Distribution Details
Free Shares:
- Range 1: 28,512,109 shares (Free)
- Range 3: 1,000,000 shares (Free)
- Range 5: 1,500,000 shares (Free)
- Range 8: 1,000,000 shares (Free)
- Range 10: 16,760,778 shares (Free)
Locked-in Shares:
- Range 2: 2,008,000 shares (Lock-in until 30-10-2026)
- Range 4: 440,000 shares (Lock-in until 30-05-2026)
- Range 6: 137,000 shares (Lock-in until 05-11-2026)
- Range 7: 2,145,000 shares (Lock-in until 30-10-2026)
- Range 9: 440,000 shares (Lock-in until 30-05-2026)
Important Dates
- 05-11-2026: Lock-in expiry for 137,000 shares
- 30-05-2026: Lock-in expiry for 448,000 shares (Range 4 and 9 combined)
- 30-10-2026: Lock-in expiry for 4,153,000 shares (Range 2 and 7 combined)
Impact Assessment
The listing adds approximately 53.94 million shares to the market, with about 86% (approximately 48.77 million shares) available for free trading immediately. The remaining 14% (approximately 5.17 million shares) will remain locked until 2026, which will gradually increase the free float over the next year. This phased release may help stabilize the stock price by preventing sudden supply increases.
Impact Justification
Standard equity listing announcement with total 53.94 million shares including lock-in provisions affecting trading availability