662,788,687 Equity Shares of Utkarsh Small Finance Bank Limited are subject to a Lock-Up Agreement Ending on 18-JAN-2024. These Equity Shares will be under lockup for 185 days starting from 17-JUL-2023 to 18-JAN-2024.

Details:
The promoter of the company has agreed not to dispose of 20% of their interest for a period of 18 months from the date of allotments.

In addition to the 20% of the post-Issue shareholding of the Promoter the entire pre-Issue Equity Share capital of the Bank, other than (a) the Equity Shares, if any, allotted to employees, whether currently employees or not and including the legal heirs or nominees of any deceased employees or ex-employees, pursuant to the MD & CEO ESOP Plan and the ESOP Plan 2020 (including the ESOP Scheme 1 framed thereunder); and (b) any Equity Shares held by a VCF or Category I AIF or Category II AIF or FVCI, as applicable, provided that (i) such Equity Shares shall be locked in for a period of at least six months from the date of purchase by such VCF or AIF or FVCI; and (ii) such VCF or AIF of category I or category II or a FVCI holds, individually or with persons acting in concert, less than 20% of pre-Issue Equity Share capital of the Bank (on a fully diluted basis), will also be locked-in for a period of six months from the date of Allotment