1,478,270,587 Equity Shares of Indian Renewable Energy Development Agency Limited are subject to a Lock-Up Agreement Ending on 30-MAY-2024. These Equity Shares will be under lockup for 188 days starting from 24-NOV-2023 to 30-MAY-2024.

Details:
Pursuant to Regulations 14 and 16 of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Offer equity share capital of our Company held by the Promoter shall be locked in for a period of 18 months as minimum promoter?s contribution from the date of Allotment or such other period as may be prescribed under the SEBI ICDR Regulations (?Promoter?s Contribution?), and the Promoter?s shareholding in excess of 20% of the fully diluted post-Offer equity share capital shall be locked in for a period of six months from the date of Allotment or such other period as may be prescribed under the SEBI ICDR Regulations.

In terms of Regulation 17 of the SEBI ICDR Regulations, the entire pre-Offer equity share capital of our Company will be locked-in for a period of six months from the date of Allotment in the Offer including any unsubscribed portion of the Offer for Sale offered by the Promoter Selling Shareholder, except (a) the Promoters? Contribution which shall be locked in as above, and (b) Offered Shares, which are successfully sold and transferred as part of the Offer for Sale.