13,114,000 Equity Shares of Crayons Advertising Limited are subject to a Lock-Up Agreement Ending on 1-JUN-2024.
June 31, 2024
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13,114,000 Equity Shares of Crayons Advertising Limited are subject to a Lock-Up Agreement Ending on 1-JUN-2024. These Equity Shares will be under lockup for 368 days starting from 30-MAY-2023 to 1-JUN-2024.
Details:
An aggregate of 20.00% of the post Issue Capital shall be considered as Promoter?s Contribution and locked in for the period of three years from the date of commencement of commercial production or date of allotment in the Initial Public Offer, whichever is later.
Remaining shares (1,30,44,960, 24, 800, and 44,240 equity shares) will be held under lock-up of one year.
Crayons Advertising Ltd is an India-based advertising solution company. The Company is engaged in providing an ecosystem and an end-to-end ad-tech communication solution platform for advertising media services. It provides a range of services, including print media, electronic media, outdoor media services which cover advertising modes, such as newspapers, brochures, magazines, television channels, frequency modulation (FM) channels and display of outdoor hoardings. The Company operates in five locations, namely New Delhi, Mumbai, Chennai, Kolkata, Lucknow. It also offers advisory services for clients to enable them to understand the course of action to be executed by them in order to brand their products and/or services. It also provides offline and online media services. It uses various Digital Media Tools, such as Marin Software, AdParlor, AdEspresso, Criteo, Adobe marketing cloud, App Nexus/Xandr, ReTargeter, Nielsen, and Moat.