Regulation 240 - Lock-in of specified securities lent to stabilising agent under the green shoe option - Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018

Lock-in of specified securities lent to stabilising agent under the green shoe option 240. The lock-in provisions shall not apply with respect to the specified securities lent to stabilising agent for the purpose of green shoe option, during the period starting from the date of lending of such specified securities and ending on the date on which they are returned to the lender in terms of sub-regulation (5) or (6) of regulation 279: Provided that the specified securities shall be locked-in for the remaining period from the date on which they are returned to the lender.