Certain Equity Shares of Data Patterns Limited are subject to a Lock-Up Agreement Ending on 11-JUL-2023.
July 11, 2023
Share
Certain Equity Shares of Data Patterns (India) Limited are subject to a Lock-Up Agreement Ending on 11-JUL-2023. These Equity Shares will be under lockup for 120 days starting from 13-MAR-2023 to 11-JUL-2023.
Details:
Our Promoters and each member of the Promoter Group has undertaken that they will not for a period of 120 days from the date of Allotment under the Issue, without the prior written consent of the Book Running Lead Managers, directly or indirectly: (a) sell, lend, contract to sell, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any Equity Shares, or any securities convertible into or exercisable or exchangeable for Equity Shares or publicly announce an intention with respect to any of the foregoing; (b) enter into any swap or other agreement that transfers, directly or indirectly, in whole or in part, any of the economic consequences of ownership of Equity Shares or any securities convertible into or exercisable or exchangeable for Equity Shares; (c) sell, lend, contract to sell, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any shares or interest in an entity which holds any Equity Shares; or (d) publicly announce any intention to enter into any transaction whether any such transaction described in (a), (b) or (c) above is to be settled by delivery of Equity Shares, or such other securities, in cash or otherwise, or enter into any transaction (including a transaction involving derivatives) having an economic effect similar to that of an issue or offer or deposit of Equity Shares in any depositary receipt facility or publicly announce any intention to enter into any transaction falling within (a) to (c) above
Data Patterns (India) Limited is an India-based vertically integrated defense and aerospace electronics solutions provider catering to the indigenously developed defense products industry. The Company offers COTS boards, ATE and test systems, RF and microwave products, electronic warfare products, cockpit and rugged displays, radar and radar subsystems, identify friend and Foe products, avionic systems, laser and electro optic systems, space systems, power supply products, naval systems, communication products, gimbal and actuator controller products, launch and fire control systems, high-speed processors, digital IF processors and waveform generators, consoles, and navigation systems; and software and application products. It designs COTS module products that are used in rugged applications and automatic test equipment platforms. It also provides hardware design, product development, FPGA, software, microwave, mechanical product design, manufacturing, and other services.