Right to tender shares: remaining public shareholders may offer shares to promoter within one year, at final acceptance price.

Regulation 21 permits remaining public shareholders to tender equity shares to the promoter for one year from delisting, requires the promoter to accept at the same final price as earlier acceptances, mandates payment from the escrow account balance, and prohibits release of escrow funds or bank guarantees to the promoter until all such payments are made.

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