Dissenting shareholders exit right clarified; mandates exit opportunity when shareholders oppose prospectus-related changes, and defines relevant date.

Regulation 69B defines dissenting shareholders as those voting against a resolution for change in objects or variation in terms of a contract referred to in the prospectus, adopts the meaning of frequently traded shares consistent with SEBI takeover regulations, and defines the relevant date as the date of the board meeting approving the proposal before seeking shareholders' approval, thereby setting the scope and timing for offering an exit opportunity.

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