Transferability of locked in securities: promoters may transfer subject securities but lock in continues; trading approval blocks allottee transfers. Specified securities held by promoters and subject to lock in may be transferred among promoters, promoter group members, to a new promoter or persons in ... Summary
Transferability of locked in securities: promoters may transfer subject securities but lock in continues; trading approval blocks allottee transfers.
Specified securities held by promoters and subject to lock in may be transferred among promoters, promoter group members, to a new promoter or persons in control, subject to Substantial Acquisition and Takeovers compliance, and the lock in continues for the transferee; securities allotted on a preferential basis cannot be transferred by the allottee until trading approval is granted by all recognised stock exchanges where the issuer is listed.
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