SPECIAL PROVISIONS FOR SMALL COMPANIES AND DELISTING BY OPERATION OF LAW - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009
SPECIAL PROVISIONS FOR SMALL COMPANIES AND DELISTING BY OPERATION OF LAW - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009
Public announcement requirement: acquirer and merchant banker must disclose offer success and final price within five working days. Within five working days of offer closure, the promoter/acquirer and the merchant banker must publish a public announcement in the same newspapers as the ... Summary
Public announcement requirement: acquirer and merchant banker must disclose offer success and final price within five working days.
Within five working days of offer closure, the promoter/acquirer and the merchant banker must publish a public announcement in the same newspapers as the original offer, stating either the offer's success with the final price accepted by the acquirer or the offer's failure under the applicable regulation.
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