PQR Limited, a listed company, is intending to make buy-back of its equity shares. Referring to SEBI Buy-back Regulations, explain the following: The manner of deposit of amount in Escrow account.

The company shall as and by way of security for performance of its obligations under the SEBI (Buy back of Securities) Regulations, on or before the opening of the offer, deposit in an escrow account such sum as specified under the Regulations. The amount in the escrow shall be deposited in the following manner: Amount of Consideration % of amount to be deposited Consideration not more than ₹100 crores 25 per cent of the consideration payable; Consideration exceeds ₹100 crores 25 per cent up to ₹100 crores and 10 per cent thereafter.