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7971 Toli News Story

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Consumer CyclicalsBalancedSmall CapContrarian

India's Senores Pharma, Ventive Hospitality, Carraro India drop as lock-in periods expire

** Carraro India CARD.NS slides 8.5%; Ventive Hospitality VENE.NS drops ~5%

** Senores Pharma SENO.NS down 3% and Tolins Tyres TOLI.NS flat

** 3-months lock-in expires for VENE (2% shares), CARD (5%) and SENO (7%); and 6-month lock-in expires for TOLI (54%), per Nuvama

** Since Dec 30 listings, VENE up 10% and SENO surges ~47%, while CARD tumbled 55%

** TOLI slides 49% since Sept 16 listing

** 72 lock-ins expire from March 17 to May 30 but not all shares will be for sale given promoters' sizeable stakes -Nuvama

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))

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