124,196,205 Equity Shares of Cello World Limited are subject to a Lock-Up Agreement Ending on 6-MAY-2024.
May 05, 2024
Share
124,196,205 Equity Shares of Cello World Limited are subject to a Lock-Up Agreement Ending on 6-MAY-2024. These Equity Shares will be under lockup for 187 days starting from 1-NOV-2023 to 6-MAY-2024.
Details:
Pursuant to Regulations 14 and 16(1) of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Offer Equity Share capital of the Company held by the Promoters, except for the Equity Shares offered pursuant to the Offer for Sale, shall be locked in for a period of eighteen months as minimum promoter?s contribution from the date of Allotment (?Promoter?s Contribution?), and the Promoter?s 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 eighteen months as specified above and the 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, other than the Equity Shares held by India Advantage Fund S5 I, India Advantage Fund S4 I, and Tata Capital Growth Fund II, all of which are Category II AIFs, in accordance with Regulation 17 of the SEBI ICDR Regulations.
Any Equity shares Allotted to Anchor Investors under the Anchor Investor Portion shall be locked-in for a period 90 days on 50% of the Equity Shares Allotted from the date of Allotment and 30 days on remaining 50% of the Equity Shares Allotted from the date of Allotment.
Cello World Limited is a consumer products company. It is engaged in the consumer ware market in India with a presence in the consumer houseware, writing instruments and stationery, and molded furniture and allied products categories. It is engaged in the business of trading of consumer products, namely plastic and rubber products, such as water bottles, storage containers and jars, tiffin and lunch carriers, glassware, steel flasks and jars. Its other products include drinkware, dinner sets, lunch boxes, jars and containers, casseroles, bakeware, kitchen appliances, cookware and cleaning supplies. For kids, a peppy range of bottles, lunch packs, mugs, meal sets, and furniture is available with their favorite character prints and designs. Kleeno by Cello is a range of cleaning aids for homes comprising of brushes, wipers and broom, mops, sponge wipes and cloths and dustbins. It also has a range of bathroom accessories, such as bathroom sets, buckets, tubs and basins and others.