SUBSTANTIAL ACQUISITION OF SHARES, VOTING RIGHTS OR CONTROL - Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
SUBSTANTIAL ACQUISITION OF SHARES, VOTING RIGHTS OR CONTROL - Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Chapter II SUBSTANTIAL ACQUISITION OF SHARES, VOTING RIGHTS OR CONTROL
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Delisting offer rights: acquirer may pursue delisting with an open offer, subject to disclosure and shareholder thresholds. When an acquirer makes a public open offer to acquire shares, voting rights or control, the acquirer may seek delisting by declaring intent upfront and ... Summary
Delisting offer rights: acquirer may pursue delisting with an open offer, subject to disclosure and shareholder thresholds.
When an acquirer makes a public open offer to acquire shares, voting rights or control, the acquirer may seek delisting by declaring intent upfront and making a delisting offer; the open offer price and an indicative delisting price (with premium and rationale, not less than book value) must be disclosed, and shareholders will receive either the indicative price if the delisting threshold is met or the open offer price if it is not.
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