Regulation 78(6) of SEBI(ICDR) Requirements, 2009
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 December 2010
In case of Preferential Allotment of Equity shares, the Pre-Preferential allotment shareholding of the allottees shall be locked in from the relevant date upto a period of six months from the date of Preferential Allotment.
So, my query is that whether it will be locked in from the relevant date upto a period of 6 months or whether it will be locked in from the date of Preferential Allotment?
The query was resolved but i am yet not clear. Can anyone give an example and explain?
So, my query is that whether it will be locked in from the relevant date upto a period of 6 months or whether it will be locked in from the date of Preferential Allotment?
The query was resolved but i am yet not clear. Can anyone give an example and explain?
24 December 2010
The shares will be locked (lock in shall begin) from the relevant date.
The lock be will again open/free (shares released from lock in state to free holding) at the end of six months from the date of allotment.
The lock be will again open/free (shares released from lock in state to free holding) at the end of six months from the date of allotment.
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