598,157,103 Equity Shares of Delhivery Limited are subject to a Lock-Up Agreement Ending on 19-NOV-2022. These Equity Shares will be under lockup for 189 days starting from 14-MAY-2022 to 19-NOV-2022.

Details:
The entire pre-offer equity share capital will be locked-in for a period of six months from the date of allotment, other than (a) equity shares which are transferred as part of the offer for sale, (b) equity shares allotted to employees, whether currently an employee or not, pursuant to the ESOP Schemes prior to the Offer, and (c) any equity shares held by a venture capital fund or alternative investment fund of category I or category II or a 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. Accordingly, all equity shares held by Avendus Future Leaders Fund shall be exempt from the aforementioned lock-in requirement.