892,500 Equity Shares of Wise Travel India Limited are subject to a Lock-Up Agreement Ending on 25-MAY-2024.
Details:
Promoters, by a written undertaking, consented to have 4,763,000 Equity Shares held by them to be locked in as Minimum Promoters Contribution for a period of three years from the date of allotment in this Issue and will not be disposed/sold/transferred by the promoter.
In terms of Regulation 236 and 237 of the SEBI ICDR Regulations, in addition to the Minimum Promoters contribution which is locked in for 3 (three) years, as specified above, the entire pre-issue equity share capital held by promoters and entire preissue capital held by Promoter Group i.e. 12,607,837 Equity Shares shall be locked in for a period of 1 (one) year from the date of allotment of Equity Shares in this Issue.
50% of the Equity Shares Allotted to Anchor Investors in the Anchor Investor Portion shall be locked in for a period of 90 days from the date of Allotment, while the remaining 50% of the Equity Shares Allotted to Anchor Investors in the Anchor Investor Portion shall be locked in for a period of 30 days from the date of Allotment.