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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Regulation 12 mandates acquirer or promoter to send offer letter to public shareholders within two days of announcement.</h1> Regulation 12 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, mandates that the acquirer or promoter must send a letter of offer to public shareholders within two working days of the public announcement. This letter should be sent to shareholders listed in the company's register or depository as of a specified date and must include all necessary disclosures for informed decision-making. It should also include a bidding form and a form for tendering shares. Shareholders can participate in the delisting offer even without receiving these forms, as specified by the Board.
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