Certain Shares of RHI Magnesita India Limited are subject to a Lock-Up Agreement Ending on 26-JUN-2023.
June 25, 2023
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Certain Shares of RHI Magnesita India Limited are subject to a Lock-Up Agreement Ending on 26-JUN-2023. These Shares will be under lockup for 82 days starting from 5-APR-2023 to 26-JUN-2023.
Details:
The Equity Shares Allotted pursuant to this Issue shall not be sold for a period of one year from the date of Allotment, except on the floor of a recognised stock exchange.
Our Company shall not: (a) issue, offer, lend, pledge, sell, contract to sell or issue, sell any option or contract to purchase, purchase any option or contract to sell or issue, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any equity shares, or any securities convertible into or exercisable or exchangeable for equity share; (b) enter into any swap or other agreement that transfers, directly or indirectly, in whole or in part, any of the economic consequences of ownership of equity shares; or (c) publicly announce any intention to enter into any transaction described in (a) or (b) above, whether any such transaction described in (a) or (b) above is to be settled by delivery of equity shares, or such other securities, in cash or otherwise, for a period up to 90 days after the Closing Date without the prior written consent of the BRLM, however, the foregoing restriction shall not be applicable to the (i) the issuance of the Issue Shares pursuant to the Issue; (ii) preferential issuance of Equity Shares or any other securities to the Promoters of the Company; (iii) a bonus issue; and (iv) any transaction required by law or an order of a court of law or a statutory authority
RHI Magnesita India Ltd is an India-based company. The Company is primarily engaged in the business of manufacturing and trading refractories, monolithics, bricks, and ceramic paper, as well as rendering management services. Its geographical segments are within India and outside India. The Company offers a range of refractory products and mixes to its customers in steel, cement, lime, non-ferrous metals, glass, and other industries. It offers solutions such as total refractory management/full line service, tailor-made products and services, complete project management from drawing and engineering, supply, installation, and commissioning, and engineering solutions. The Company has manufacturing facilities in Bhiwadi (Rajasthan), Visakhapatnam (Andhra Pradesh), and Cuttack (Orrisa). The Company operates through its subsidiary, Intermetal Engineers (India) Private Limited, which is primarily engaged in the business of manufacturing and selling slide gate mechanics and related components.