2,064,116 Equity Shares of Platinum Industries Limited are subject to a Lock-Up Agreement Ending on 31-MAR-2024.
March 30, 2024
Share
2,064,116 Equity Shares of Platinum Industries Limited are subject to a Lock-Up Agreement Ending on 31-MAR-2024. These Equity Shares will be under lockup for 30 days starting from 1-MAR-2024 to 31-MAR-2024.
Details:
Pursuant to Regulation 14 and 16 of the SEBI ICDR Regulations, an aggregate of at least 20% of the post issue equity share capital of the company held by the promoters shall be considered as promoters? contribution ("Promoter?s Contribution") and shall be locked-in for a period of three (3) years from the date of Allotment. The promoter?s shareholding in excess of 20% of the post-issue equity share capital shall be locked in for a period of one year.
The entire pre-issue capital held by the persons other than promoters, all the pre-issue equity share capital shall be subject to lock-in for a period of six (6) months from the date of allotment.
50% of the Equity Shares Allotted to Anchor Investors in the Anchor Investor Portion shall be locked in for a period of 90 days from the date of Allotment, while the remaining 50% of the Equity Shares Allotted to Anchor Investors in the Anchor Investor Portion shall be locked in for a period of 30 days from the date of Allotment.
Platinum Industries Limited is an India-based multi-product company. The Company is engaged in the business of manufacturing stabilizers. The Company's business segment includes polyvinyl chloride (PVC) stabilizers, chlorinated polyvinyl chloride (CPVC) additives and lubricants. It operates in the specialty chemicals industry. Its products find their application in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, and others. Its products include PVC Stabilizers, such as Lead Stabilizer (Commodity), hybrid low lead stabilizers, Highstab (Ca-Zn/Ca-Org) and PVC Add packs; CPVC Add packs and CPVC Compound; lubricants, including polyethylene (PE) wax, oxidized polyethylene (OPE) wax and Lubpack, and metallic soaps, such as calcium stearates, zinc stearates, barium stearates and aluminum stearates. Its PVC has applications in pipes, medical tubes, cable insulation and others.