Delisting disclosure requirements: Detailed public announcement must specify offer price, timetable, escrow, and shareholding details. The detailed public announcement for a delisting offer must disclose core information enabling shareholders to evaluate the offer: floor and offer prices ... Summary
Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.
Delisting disclosure requirements: Detailed public announcement must specify offer price, timetable, escrow, and shareholding details.
The detailed public announcement for a delisting offer must disclose core information enabling shareholders to evaluate the offer: floor and offer prices and their calculation, any indicative acquirer price, bidding period dates, target stock exchange, acceptance mechanism, minimum acceptance condition, manager and intermediary details, specified regulatory date, object of delisting, offer timetable, and escrow account particulars; and must provide listing and market price/volume histories, present and expected post delisting shareholding, aggregate acquirer shareholdings, board certified statements on utilization of proceeds and regulatory compliance, documents for inspection, and the compliance officer's name.
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