29,469,626 Equity Shares of Updater Services Limited are subject to a Lock-Up Agreement Ending on 5-APR-2024. These Equity Shares will be under lockup for 190 days starting from 28-SEP-2023 to 5-APR-2024.

Details:
An aggregate of 20% of the fully diluted post-Offer Equity Share capital of the company held by the Promoters shall be locked in for a period of 18 months, or such other period as prescribed under the SEBI ICDR Regulations as minimum promoters? contribution from the date of Allotment (?Promoters? Contribution?), and the Promoters? shareholding in excess of 20% of the fully diluted post-Offer Equity Share capital shall be locked in for a period of six months from the date of Allotment.

In addition to the 20% of the fully diluted post-Offer shareholding of the company held by the Promoters and locked in for 18 months as specified and Equity Shares offered by the Selling Shareholders as part of the Offer for Sale, the entire pre-Offer Equity Share capital of the company will be locked-in for a period of six months from the date of Allotment, including any unsubscribed portion of the Offer for Sale.