Lock-in of specified securities held by the promoters

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..... e promoters shall not be transferable (hereinafter referred to as lock-in ) for the periods as stipulated hereunder: a) minimum promoters contribution including contribution made by alternative investment funds or foreign venture capital investors or scheduled commercial banks or public financial institutions or insurance companies registered with Insurance Regulatory and Development Authority of .....

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..... tial public offer. 4 Provided that in case the majority of the issue proceeds excluding the portion of offer for sale is proposed to be utilized for capital expenditure, then the lock-in period shall be one year from the date of allotment in the initial public offer.] 6 [ Explanation : For the purpose of this sub-regulation, capital expenditure shall include civil work, miscellaneous fixed assets, .....

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..... 5. Substituted Vide Notification No. SEBI /LAD - NRO /GN/2021/45. Dated 13-08-2021 before it was read as, one year 6. Substituted Vide Notification No. SEBI /LAD - NRO /GN/2021/45. Dated 13-08-2021 before it was read as, Explanation : For the purposes of this clause, the expression date of commencement of commercial production means the last date of the month in which commercial production of the .....

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