21,212,502 Equity Shares of Hyundai Motor India Limited are subject to a Lock-Up Agreement Ending on 16-JAN-2025.
January 15, 2025
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21,212,502 Equity Shares of Hyundai Motor India Limited are subject to a Lock-Up Agreement Ending on 16-JAN-2025. These Equity Shares will be under lockup for 91 days starting from 17-OCT-2024 to 16-JAN-2025.
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 Company held by 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 (?Promoter?s Contribution?) 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, shall be locked in for a period of six months, from the date of Allotment or any other period as may be prescribed under applicable law.
In addition to Promoter?s Contribution locked in for 18 months any Equity Shares held by Promoter?s 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 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.
Hyundai Motor India Ltd. (HMIL) is an India-based company. The Company is a wholly owned subsidiary of Hyundai Motor Company (HMC), a smart mobility solutions provider. It operates with a network of over 1,366 sales points and 1,550 service points across India. The model line-up consists of approximately 13 car models across segments: Grand i10 NIOS, i20, i20 N-Line, AURA, EXTER, VENUE, VENUE N-Line, VERNA, CRETA, ALCAZAR, TUCSON, KONA Electric and all-electric SUV IONIQ 5. HMIL also forms a critical part of HMCâs global export hub with exports spanning across Africa, the Middle East, and other countries including Bangladesh, Nepal, Bhutan and Sri Lanka. HMILâs manufacturing plant, near Chennai, is optimized to manufacture its full range of vehicle models. Its facilities include a press shop, a body shop, a paint shop, an assembly shop, and an engine & transmission shop. The Assembly Shop comprises the Trim Line, the Chassis Line, the Final Line and the OK Line.