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    <title>Transferability</title>
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    <description>Transferability of locked-in specified securities held by promoters is permitted among promoters, promoter group members, new promoters, or persons in control, subject to takeover laws, and the lock-in continues for the transferee for the remaining period. Specified securities allotted on a preferential basis are not transferable by the allottees until trading approval is granted by the recognised stock exchanges where the issuer&#039;s equity shares are listed.</description>
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      <description>Transferability of locked-in specified securities held by promoters is permitted among promoters, promoter group members, new promoters, or persons in control, subject to takeover laws, and the lock-in continues for the transferee for the remaining period. Specified securities allotted on a preferential basis are not transferable by the allottees until trading approval is granted by the recognised stock exchanges where the issuer&#039;s equity shares are listed.</description>
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