7,985,619 Equity Shares of Sabar Flex India Limited are subject to a Lock-Up Agreement Ending on 19-SEP-2023.
Details:
Pursuant to Regulation 236 and 238 of the SEBI (ICDR) Regulations, an aggregate of 20.00% of the fully diluted post Issue capital of the Company held by the Promoters shall be locked in for a period of three years from the date of Allotment (?Minimum Promoter? Contribution?), and the Promoters? shareholding in excess of 20% of the fully diluted post-Issue Equity Share capital shall be locked in for a period of one year from the date of Allotment.
Other than the Equity Shares locked-in as Promoter?s Contribution for a period of three years, the entire pre-Issue capital of the Company, including the excess of minimum Promoter? Contribution, as per Regulation 238 of the SEBI (ICDR) Regulations, shall be locked in for a period of one year from the date of Allotment of Equity Shares in the Issue.