Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter VI-A CONDITIONS AND MANNER OF PROVIDING EXIT OPPORTUNITY TO DISSENTING SHAREHOLDERS
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Exit price determination requires the highest of acquisition, market or negotiated valuation measures for dissenting shareholders. Exit price for dissenting shareholders is the highest of: the volume-weighted average acquisition price over fifty-two weeks by promoters or persons ... Summary
Exit price determination requires the highest of acquisition, market or negotiated valuation measures for dissenting shareholders.
Exit price for dissenting shareholders is the highest of: the volume-weighted average acquisition price over fifty-two weeks by promoters or persons acting in concert; the highest acquisition price over twenty-six weeks by such persons; the sixty trading day volume-weighted average market price on the recognised exchange with maximum volume when shares are frequently traded; and, for non frequently traded shares, a price determined by promoters or controlling shareholders with the merchant banker based on valuation parameters including book value and comparable multiples.
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