"The lock-in, essentially, is for prooters so. that they don't list a company. creategne buzz and run away. However, PEs also get legorised with promoters for the lock-in. Thtclea of PE investing is timely exit and the 1c-in goes against it,"
Partner, Grant Thornton India LLP
This article appeared in Business Standard on 21st June, 2017.