7,228,780 Equity Shares of Bright Outdoor Media Limited are subject to a Lock-Up Agreement Ending on 21-MAR-2024. These Equity Shares will be under lockup for 366 days starting from 21-MAR-2023 to 21-MAR-2024.

Details:
Pursuant to the Regulation 236 and 238 of SEBI ICDR Regulations, an aggregate of at least 20% of the post Issue Equity Share capital of the Company held by the Promoter shall be locked-in for a period of three years from the date of Allotment in this Issue. As on date of this Prospectus, the Promoters hold 10,124,723 Equity Shares constituting 72.69% of the Post Issue, Subscribed and Paid-up Equity Share Capital of the Company, which are eligible for Promoter?s Contribution.

Pursuant to Regulation 238(b) and 239 of the SEBI ICDR Regulations, other than the Equity Shares held by the Promoter, which will be locked-in as minimum Promoter?s contribution for three years, all pre-issue Equity Shares shall be subject to lock-in for a period of one year from the date of Allotment in this Issue.