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of <h1>Lock-in Rules Exempt Securities Lent to Stabilizing Agents Under Green Shoe Option per Regulation 38; Lock-in Resumes Post-Return</h1> Regulation 38 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, specifies that the lock-in provisions do not apply to securities lent to a stabilizing agent under a green shoe option during the lending period. This period extends from the date of lending until the securities are returned to the lender as per regulation 45. Once returned, the securities are subject to a lock-in for the remaining period from the return date.
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