47,251,873 Equity Shares of Home First Finance Company India Limited are subject to a Lock-Up Agreement Ending on 29-JAN-2022.
January 28, 2022
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47,251,873 Equity Shares of Home First Finance Company India Limited are subject to a Lock-Up Agreement Ending on 29-JAN-2022. These Equity Shares will be under lockup for 367 days starting from 27-JAN-2021 to 29-JAN-2022.
Details:
The Promoters have agreed not to dispose off any shares, excluding sale shares, constituting an aggregate of 20% of the fully diluted post-offer share capital of the company, for a period of 3 years from the allotment date in the issue.
The entire remaining pre-issue share capital, excluding sale shares, will be locked-up for 1 year from the allotment date in the issue.
Home First Finance Company India Limited is an India-based housing finance company. The Company is primarily engaged in the business of lending housing loans, loans for the purpose of purchasing a commercial property, loans against property and construction finance. The Companyâs products include home loans for salaried professionals, home loans for the self-employed, home construction loans, home extension and renovation loans, loans against property, home loans for non-resident Indians (NRIs), home loans for senior citizens, home loan balance transfers, home loans top up, and loans for purchase of commercial property. The Company provides a mobile application, Home First Customer Portal, which provides functions, such as accessing their loan statements, prepaying loans without any prepayment charges and raising service requests. It targets first-time formal buyers in low-and middle-income groups. The Company has more than 100 branches across India.