71,232,048 Equity Shares of R R Kabel Limited are subject to a Lock-Up Agreement Ending on 20-MAR-2024.
March 19, 2024
Share
71,232,048 Equity Shares of R R Kabel Limited are subject to a Lock-Up Agreement Ending on 20-MAR-2024. These Equity Shares will be under lockup for 187 days starting from 15-SEP-2023 to 20-MAR-2024.
Details:
In accordance with Regulation 14 and Regulation 16(1) of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Offer Equity Share capital of our Company held by our Promoters (assuming exercise of vested options, if any, under the ESOP Schemes), shall be locked in for a period of 18 months, or such other period as prescribed under the SEBI ICDR Regulations, as minimum promoters? contribution from the date of Allotment (?Promoters? Contribution?), and our Promoters? shareholding in excess of 20% of the post-Offer equity share capital shall be locked in for a period of six months from the date of Allotment.
In addition to 20% of the fully diluted post-Offer shareholding of the Company held by our Promoters and locked-in for a period of 18 months, in terms of the SEBI ICDR Regulations, the entire pre-Offer Equity Share capital of the Company will be locked-in for a period of six months from the date of Allotment, including any unsubscribed portion of the Offer for Sale, and any other categories of shareholders exempted under Regulation 17 of the SEBI ICDR Regulations, as applicable.
R R Kabel Limited is an India-based consumer electrical company. The Company is engaged in manufacturing and selling wires and cables, including house wires, industrial wires, power cables and special cables, and fast-moving electric goods (FMEG), including fans, lighting, switches, and appliances. The Companyâs segments include Wire and Cable and FMEG. Its Wire and Cable segment is engaged in the manufacture and sale of wires and cables. Its FMEG segment is engaged in the manufacture and sale of fans, LED lighting, switches, switchgears, water heaters, and domestic appliances. It undertakes the manufacturing, marketing and sale of its wires and cable products under its RR Kabel brand, and a variety of consumer electrical products, including fans and lights under the RR brand. It also manufactures, markets, and sells fans and lights under the Luminous Fans and Lights brand. The Company owns and operates five integrated manufacturing facilities across India.