611,256,280 Equity Shares of SBFC Finance Limited are subject to a Lock-Up Agreement Ending on 10-FEB-2024. These Equity Shares will be under lockup for 186 days starting from 8-AUG-2023 to 10-FEB-2024.

Details:
Pursuant to Regulation 14 and Regulation 16(1)(a) of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Offer Equity Share capital of the Company held by its Promoters shall be considered as minimum promoters? contribution and locked-in for a period of 18 months from the date of Allotment.

In addition to 20% of the fully diluted post-Offer shareholding of the Company held by its Promoters and locked-in for 18 months, in terms of Regulation 16(1)(b) and Regulation 17 of the SEBI ICDR Regulations, the entire pre-Offer Equity Share capital of the Company shall be locked-in for a period of six months from the date of Allotment.