23,897,694 Equity Shares of Jupiter Life Line Hospitals Limited are subject to a Lock-Up Agreement Ending on 12-MAR-2024.
March 11, 2024
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23,897,694 Equity Shares of Jupiter Life Line Hospitals Limited are subject to a Lock-Up Agreement Ending on 12-MAR-2024. These Equity Shares will be under lockup for 183 days starting from 11-SEP-2023 to 12-MAR-2024.
Details:
An aggregate of 20% of the fully diluted post-Offer Equity Share capital of the Company held by the Promoters shall be locked in for a period of three years as minimum promoters? contribution from the date of Allotment (?Promoters? Contribution?), and the Promoters? shareholding in excess of 20% of the fully diluted post-Offer Equity Share capital shall be locked in for a period of one year from the date of Allotment.
Pursuant to the SEBI ICDR Regulations, the entire pre-Offer capital of the Company shall be locked in for a period of six months from the date of Allotment, except for (i) the Equity Shares Allotted pursuant to the Offer for Sale; (ii) any Equity Shares held by a VCF or Category I AIF or Category II AIF, 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, (iii) Offered Shares, which are successfully sold and transferred as part of the Offer, and (iv) as otherwise permitted under the SEBI ICDR Regulations. Further, any unsubscribed portion of the Offered Shares will also be locked in, as required under the SEBI ICDR Regulations.
Jupiter Life Line Hospitals Limited is an India-based holding company. The Company is engaged in providing services in the field of health care and related services. The Company is running multi-specialty Hospital of around 366 operational beds in Thane near Mumbai and 353 operational beds in Baner, Pune. It also has an approximately 231 operational beds hospital in Indore. It is equipped with over 30 specialty treatments, such as bariatric surgery, breast care center, cardiac surgery, cardiology, chest medicine, dental care, dermatology, endocrinology and diabetes, gastroenterology, infectious diseases, internal medicine, mental health, nephrology, neurology, neurosurgery, and nutrition and dietetics. It has also set up Hotel in Thane under the name Fortune Park Lake City Hotel and with management collaboration with ITC group of hotels for promoting medical tourism. The Company's subsidiaries include Jupiter Hospital Projects Private Limited and Medulla Healthcare Private Limited.