2,613,701,200 Equity Shares of Indian Railway Finance Corporation Limited are subject to a Lock-Up Agreement Ending on 25-JAN-2024. These Equity Shares will be under lockup for 1098 days starting from 22-JAN-2021 to 25-JAN-2024.

Details:
The promoter, The President of India, acting through The Ministry of Railways, Government of India have agreed not to dispose off an aggregate of 20% of post-issue capital shares for a period of three years from the allotment date in the issue.

The entire remaining pre-issue share capital excluding the secondary shares offered for sale by the President of India, will be under lock-up for one year from the allotment date in the issue.