Bidding period requires prompt opening and defined duration with exchange-facilitated tendering in delisting offers. Regulation 13 requires the delisting offer to open promptly after the public announcement, obliges the acquirer and promoter to facilitate tendering and ... Summary
Bidding period requires prompt opening and defined duration with exchange-facilitated tendering in delisting offers.
Regulation 13 requires the delisting offer to open promptly after the public announcement, obliges the acquirer and promoter to facilitate tendering and settlement of shares through the stock exchange mechanism specified by the Board, and provides that the offer remains open for a defined limited period during which public shareholders may tender bids.
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