Post-listing exit opportunity requires promoters to offer exit to dissenting shareholders on material changes in objects. Promoters or shareholders in control must offer an exit to dissenting shareholders for further public offers, including fast track offers, where there is a change in objects or variation in contract terms related to objects, and such exit must follow the statutory exit mechanism and conditions set out in Schedule XX; this obligation does not apply if there are no identifiable promoters or shareholders in control.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Post-listing exit opportunity requires promoters to offer exit to dissenting shareholders on material changes in objects.
Promoters or shareholders in control must offer an exit to dissenting shareholders for further public offers, including fast track offers, where there is a change in objects or variation in contract terms related to objects, and such exit must follow the statutory exit mechanism and conditions set out in Schedule XX; this obligation does not apply if there are no identifiable promoters or shareholders in control.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.