27,265,950 Equity Shares of Abans Holdings Limited are subject to a Lock-Up Agreement Ending on 20-JUN-2023. These Equity Shares will be under lockup for 185 days starting from 17-DEC-2022 to 20-JUN-2023.

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 locked in for a period of eighteen months as minimum Promoter‘s contribution from the date of Allotment and the shareholding of the Promoter 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.

In addition to the 20% of the post- Offer shareholding of the Company held by the Promoter and locked in for eighteen months as specified above, and 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.