Description

Lock-in details for 37,98,42,565 equity shares of Brigade Hotel Ventures Limited with various lock-in periods from 2025 to 2028.

Summary

Brigade Hotel Ventures Limited has provided lock-in details for 37,98,42,565 equity shares with varying lock-in periods. The majority of shares (28,14,30,000) are under lock-in until July 30, 2026 or 2028, while 4,83,31,565 shares are not under lock-in.

Key Points

  • Total equity shares: 37,98,42,565
  • 7,59,71,921 shares locked until July 30, 2028
  • 20,54,58,079 shares locked until July 30, 2026
  • 1,40,00,000 shares locked until January 3, 2026 (360 ONE AIF holdings)
  • 1,80,40,500 shares locked until August 27, 2025
  • 1,80,40,500 shares locked until October 26, 2025
  • 4,83,31,565 shares not under lock-in (IPO public shares)
  • All shares are in demat form

Regulatory Changes

No regulatory changes mentioned. Standard lock-in provisions apply as per SEBI ICDR Regulations 2018.

Compliance Requirements

  • Lock-in restrictions apply to specified shareholdings as per SEBI Regulation 17(c)
  • Alternative Investment Fund Category II holdings subject to specific lock-in periods
  • Company must maintain lock-in compliance for designated periods

Important Dates

  • Lock-in start date: July 29, 2025
  • AIF lock-in end: January 3, 2026
  • Short-term lock-in ends: August 27, 2025 and October 26, 2025
  • Medium-term lock-in end: July 30, 2026
  • Long-term lock-in end: July 30, 2028

Impact Assessment

Medium impact on stock liquidity as significant portion of shares remain locked for extended periods. The staggered release of shares over different dates may affect trading volumes and price discovery. IPO public shares being freely tradeable provides immediate liquidity to the market.

Impact Justification

Standard listing circular with lock-in details for newly listed company shares