SPECIAL PROVISIONS FOR COMPANIES LISTED ON INNOVATORS GROWTH PLATFORM - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.
SPECIAL PROVISIONS FOR COMPANIES LISTED ON INNOVATORS GROWTH PLATFORM - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.
Delisting obligations require firm financial arrangements and truthful disclosures; acquirer must buy remaining shares at same price and not sell. Acquirer must have firm financial arrangements before the initial public announcement, ensure all delisting-related communications are true, fair and ... Summary
Delisting obligations require firm financial arrangements and truthful disclosures; acquirer must buy remaining shares at same price and not sell.
Acquirer must have firm financial arrangements before the initial public announcement, ensure all delisting-related communications are true, fair and adequate and based on reliable sources, and accept joint and several responsibility with persons acting in concert. The acquirer must acquire remaining public shareholders' shares at the same delisting price for a minimum period of one year and neither the acquirer nor persons acting in concert may sell shares during the delisting period.
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