15,240,807 Equity Shares of LG Electronics India Limited are subject to a Lock-Up Agreement Ending on 7-JAN-2026. These Equity Shares will be under lockup for 90 days starting from 9-OCT-2025 to 7-JAN-2026.
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 the Company held by the Promoter shall be considered as minimum promoter contribution and locked-in for a period of 18 months or any other period as may be prescribed under applicable law, from the date of Allotment and the Equity Shares held by the Promoter in excess of Promoter?s Contribution and the Equity Shares held by them transferred pursuant the Offer.
In excess of Promoter?s Contribution shall be locked in for a period of six months. Pursuant to 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 Equity Shares Allotted pursuant to the Offer for Sale. As on the date of this Draft Red Herring Prospectus, the Company does not have Shareholders that are venture capital funds or alternative investment funds of category I or category II or a foreign venture capital investor.
50% of the Equity Shares Allotted to Anchor Investors under the Anchor Investor Category shall be locked in for a period 90 days from the date of Allotment and the remaining 50% of the Equity Shares Allotted to Anchor Investors in the Anchor Investor Category shall be locked-in for a period of 30 days from the date of Allotment.
LG Electronics India Limited is engaged in the business of manufacturing, inter alia, home appliances and electronic products. The Company’s divisions include the home appliances and air solution division and the home entertainment division. The home appliances and air solution division include air conditioners, refrigerators, microwave ovens, washing machines, dishwashers, vacuum cleaners, compressors, ceiling fans, water purifiers and air purifiers. The home entertainment division include televisions (flat panels, signage, projectors, and others), audio visual, monitors, security cameras, and personal computers. It sells products to business to consumer (B2C) and business to business (B2B) consumers in India and outside India. It also offers installation services, and repair and maintenance services for all its products. The Company has a pan-India supply chain network of about 25 product warehouses, comprising two central distribution centers and 23 regional distribution centers.
