Certain Equity Shares of Netweb Technologies India Limited are subject to a Lock-Up Agreement Ending on 24-JAN-2024. These Equity Shares will be under lockup for 187 days starting from 21-JUL-2023 to 24-JAN-2024.

Details:
Pursuant to Regulation 14 and Regulation 16 of SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Offer Equity Share capital of the Company held by the Promoters shall be locked-in for a period of 18 months as minimum promoter?s contribution from the date of Allotment (Minimum Promoters? Contribution) in the Offer and the Promoters? shareholding in excess of 20% shall be locked-in for a period of 6 months from the date of Allotment.

In terms of Regulation 17 of the SEBI ICDR Regulations, the entire pre-Offer Equity Share capital held by persons other than the Promoters will be locked-in for a period of 6 months from the date of Allotment in the Offer, except for Offered Shares, and Equity Shares held by any other category of shareholders which are exempted under Regulation 17 of the SEBI ICDR Regulations. Any unsubscribed portion of the Offer for Sale will also be subject to the lock-in of 6 months from the date of Allotment.

50% percent of the Equity Shares Allotted to Anchor Investors in the Anchor Investor Portion shall be locked-in for a period of 30 days from the date of Allotment and the remaining portion shall be locked-in for a period of 90 days from the date of Allotment.