58,499,920 Equity Shares of Five-Star Business Finance Limited are subject to a Lock-Up Agreement Ending on 15-MAY-2024.
May 14, 2024
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58,499,920 Equity Shares of Five-Star Business Finance Limited are subject to a Lock-Up Agreement Ending on 15-MAY-2024. These Equity Shares will be under lockup for 547 days starting from 15-NOV-2022 to 15-MAY-2024.
Details:
In accordance with Regulation 14 and Regulation 16 of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Offer Equity Share capital of the Company held by the Promoters (assuming exercise of vested options, if any, under the ASOP), shall be locked in for a period of eighteen months from the date of Allotment or any other date as may be specified by SEBI and the shareholding of the Promoters 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 any other date as may be specified by SEBI.
In addition to 20% of the fully diluted post-Offer shareholding of the Company held by the Promoters and locked-in for eighteen months as specified above, in terms of Regulation 16(1)(b) and Regulation 17 of the SEBI ICDR Regulations, the entire pre-Offer Equity Share capital of the Company will be locked-in for a period of six months from the date of Allotment, except for (i) the Equity Shares sold pursuant to the Offer for Sale; (ii) any Equity Shares allotted to the employees of the Company under the ASOP, as applicable; and (iii) any Equity Shares held by a VCF or Category I AIF or Category II AIF or FVCI, as applicable, provided that such Equity Shares shall be locked in for a period of at least six months from the date of purchase by such shareholders. Further, any unsold portion of the Equity Shares offered pursuant to the Offer for Sale will be locked-in as required under the SEBI ICDR Regulations.
Five-Star Business Finance Limited is a non-deposit taking, non-banking finance company (NBFC). The Company is primarily engaged in providing loans for business purposes, house renovation/extension purposes and other mortgage purposes. It provides small business loans and small mortgage loans to eligible borrowers to meet their business and personal needs, after due underwriting of their cashflows and backed by the collateral of their house property. It provides secured loans to micro-entrepreneurs and self-employed individuals for business purposes, as well as for asset creation, such as home renovation or improvement, or for meeting expenses for economic events, such as marriage, and education. The loan ticket ranges between one lakh rupees (Rs) to 10 lakhs Rs for a tenure of up to seven years and the repayments are to be made on a monthly equated basis. Its loans are sourced in-house, either through its branch-led local marketing efforts, repeat customers or through walk-ins.
FIVE-STAR BUSINESS FINANCE LIMITED 
