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of <h1>Promoters Can Transfer Locked-In Securities to New Promoters or Control Persons Under SEBI Regulation 115, Lock-In Period Applies.</h1> Subject to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specified securities, excluding SR equity shares, held by promoters and locked-in under regulation 115, may be transferred to another promoter, a person in the promoter group, a new promoter, or a person in control of the issuer. The lock-in period continues with the transferee, who cannot transfer the securities until the lock-in period stipulated in the regulations expires.
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