Post-listing exit opportunity requires promoters to offer exit to dissenting shareholders on material changes in objects. Promoters or shareholders in control must offer an exit to dissenting shareholders for further public offers, including fast track offers, where there is ... Summary
Post-listing exit opportunity requires promoters to offer exit to dissenting shareholders on material changes in objects.
Promoters or shareholders in control must offer an exit to dissenting shareholders for further public offers, including fast track offers, where there is a change in objects or variation in contract terms related to objects, and such exit must follow the statutory exit mechanism and conditions set out in Schedule XX; this obligation does not apply if there are no identifiable promoters or shareholders in control.
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