2,700,000 Equity Shares of Ecos Mobility & Hospitality Limited are subject to a Lock-Up Agreement Ending on 1-OCT-2024.
October 01, 2024
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2,700,000 Equity Shares of Ecos (India) Mobility & Hospitality Limited are subject to a Lock-Up Agreement Ending on 1-OCT-2024. These Equity Shares will be under lockup for 32 days starting from 30-AUG-2024 to 1-OCT-2024.
Details:
An aggregate of at least 20% of the fully diluted post-Offer Equity Share capital of the company held by its Promoters shall be considered as the minimum Promoters? Contribution and is required to be locked-in for a period of eighteen months from the date of Allotment.
The entire pre-Offer Equity Share capital of the Company (including any unsubscribed portion of the Offered Shares) will be locked-in for a period of six months from the date of Allotment.
50% of the Equity Shares Allotted to Anchor Investors under the Anchor Investor Portion shall be locked- in for a period of 90 days from the date of Allotment, and the remaining 50% of the Equity Shares Allotted to Anchor Investors under the Anchor Investor Portion shall be locked-in for a period of 30 days from the date of Allotment.
Ecos (India) Mobility & Hospitality Limited is an India-based company. The Company is engaged in the business of transportation and hospitality, including event management services. It provides chauffeured car rentals (CCR) and employee transportation services (ETS) to corporate customers. It operates a fleet of more than 9,000 economy to luxury cars, minivans, and luxury coaches, which consists of various categories such as luxury vehicles (Audi, BMW and Mercedes-Benz), economy vehicles, premium vehicles, and buses/vans. It also provides specialty vehicles, such as luggage vans, limousines, vintage cars, and vehicles for accessible transportation for people with disabilities. The Company is focused on delivering services to big corporate houses, luxury hotels, tour operators, BPOs and other individuals across India. Its subsidiaries include Ecreate Events Private Ltd, Eco Car Rental Private, and Consulttrans Technology Solution Private Limited.