4,669,847 Equity Shares of Ethos Limited are subject to a Lock-Up Agreement Ending on 24-NOV-2023.
November 23, 2023
Share
4,669,847 Equity Shares of Ethos Limited are subject to a Lock-Up Agreement Ending on 24-NOV-2023. These Equity Shares will be under lockup for 549 days starting from 24-MAY-2022 to 24-NOV-2023.
Details:
An aggregate of 20% of the fully diluted post-Offer Equity Share capital of Company held by Promoters shall be considered as minimum promoter?s contribution and locked-in for a locked-in for a period of eighteen months as minimum promoters? contribution from the date of Allotment, 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.
4,669,847 shares will lock subject to lock-up until November 25, 2023 and 18,679,386 shares will lock subject to lock-up until November 25, 2022.
Ethos Ltd is an India-based company, which is a luxury and premium watch retailer. The Company is engaged in delivering a content-led retail experience through its online and physical presence. It also offers an omnichannel experience through its Website and social media platforms. Its portfolio includes premium and luxury watches in India enabling to retail 50 watch brands like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser & Cie, Rado, Longines, Baume & Mercier, Oris SA, Corum, Carl F. Bucherer, Tissot, Raymond Weil, Louis Moinet and Balmain. It also retails certified pre-owned luxury watches under the Certified Pre-Owned (CPO) luxury watch lounge located at the National Capital Territory of New Delhi. It operates 50 physical retail stores in 17 cities in India. Its 50 stores are categorized into 14 Ethos Summit Stores, one Airport store, 14 multi-brand outlets, 10 Ethos Boutiques, 10 luxury segment mono-brand boutiques and one CPO luxury watch lounge.