Bidding period requires prompt opening and defined duration with exchange-facilitated tendering in delisting offers. Regulation 13 requires the delisting offer to open promptly after the public announcement, obliges the acquirer and promoter to facilitate tendering and settlement of shares through the stock exchange mechanism specified by the Board, and provides that the offer remains open for a defined limited period during which public shareholders may tender bids.
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.
Bidding period requires prompt opening and defined duration with exchange-facilitated tendering in delisting offers.
Regulation 13 requires the delisting offer to open promptly after the public announcement, obliges the acquirer and promoter to facilitate tendering and settlement of shares through the stock exchange mechanism specified by the Board, and provides that the offer remains open for a defined limited period during which public shareholders may tender bids.
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