13 August, 2019
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.
For further information, please contact:
Zia Mody, Partner, AZB & Partners
zia.mody@azbpartners.com
