Jul 31, 2019

Amendments to the SEBI Delisting Regulations

SEBI, by its circular dated March 13, 2019, has prescribed the process and framework for promoters / acquirers to make a ‘counter offer’ under the SEBI (Delisting of Equity Shares) Regulations, 2009 (‘SEBI Delisting Regulations’), in case the price discovered through reverse book-building mechanism in the SEBI Delisting Regulations is not acceptable to such promoters / acquirers.

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