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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Promoters' securities under SEBI Regulation 238 face a lock-in period of up to three years post-IPO.</h1> Regulation 238 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 mandates a lock-in period for specified securities held by promoters. The minimum promoters' contribution, including contributions from certain entities like alternative investment funds and insurance companies, must be locked in for three years from the commencement of commercial production or the date of allotment in the initial public offer, whichever is later. For holdings exceeding the minimum contribution, fifty percent must be locked in for two years, and the remaining fifty percent for one year from the date of allotment in the initial public offer.