13,209,682 Equity Shares of Apeejay Surrendra Park Hotels Limited are subject to a Lock-Up Agreement Ending on 7-MAY-2024. These Equity Shares will be under lockup for 90 days starting from 7-FEB-2024 to 7-MAY-2024.

Details:
Pursuant to Regulations 14 and 16(1) of the SEBI ICDR Regulations, 42,680,400 equity shares, an aggregate of 20% of the fully diluted post-offer capital of our company held by Promoters shall be locked-in for a period of eighteen months from the date of Allotment as minimum promoters? contribution (?Minimum Promoters? Contribution).

In terms of Regulation 17 of the SEBI ICDR Regulations, the entire pre-Offer equity share capital will be locked in for a period of six months from the date of Allotment, other than (a) Equity Shares which are successfully transferred as part of the Offer for Sale; (b) any Equity Shares allotted to employees, whether currently an employee or not, pursuant to the ESOP Scheme prior to the Offer; and (c) any Equity Shares held by a VCF or Category I AIF or Category II AIF or FVCI, as applicable, provided that such Equity Shares shall be locked in for a period of at least six months from the date of purchase by such Shareholders, subject to the provisions of Regulation 8A of the SEBI ICDR Regulations. In accordance with Regulation 8A of the SEBI ICDR Regulations, for Shareholders holding (individually or with persons acting in concert) more than 20% of pre-Offer shareholding of our Company on a fully diluted basis, the provisions of lock-in as specified under Regulation 17 of the SEBI ICDR Regulations shall be applicable, and relaxation from lock-in as provided under Regulation 17(c) of the SEBI ICDR Regulations shall not be applicable.

Any Equity Shares Allotted to Anchor Investors in the Anchor Investor Portion shall be locked in the following manner: There shall be a lock-in of 90 days on 50% of the Equity Shares Allotted to the Anchor Investors from the date of Allotment, and a lock-in of 30 days on the remaining 50% of the Equity Shares Allotted to the Anchor Investors from the date of Allotment.