The ban was imposed as these securities crossed 95% of the MWPL, according to NSE.
The idea is to sell 11.17 crore shares, representing a 5.36% holding in the rail PSU.
The Mahindra Group invests predominantly in the financial services sector through its group company.
In its successful public issue last week, Netweb Technologies raised Rs 631 crore. The offer price band was set at Rs 475-500 per share.
The rate hike was already factored into the market calculations.
Here are some stocks that may show significant price movement today.
In the reporting period, operating revenue increased by 4% year over year (YoY) to Rs 13,159 crore.
The company achieved an 18% growth in individual new business premiums, amounting to Rs 4,060 crore
As per the IPO schedule, the basis of allotment for IPO shares will be finalized by August 2.
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