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        SEBI

        Regulation 18 - Procedure after closure of offer

        Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009
        Chapter IV
        EXIT OPPORTUNITY

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        Public announcement requirement: acquirer and merchant banker must disclose offer success and final price within five working days. Within five working days of offer closure, the promoter/acquirer and the merchant banker must publish a public announcement in the same newspapers as the original offer, stating either the offer's success with the final price accepted by the acquirer or the offer's failure under the applicable regulation.
                        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.

                              Public announcement requirement: acquirer and merchant banker must disclose offer success and final price within five working days.

                              Within five working days of offer closure, the promoter/acquirer and the merchant banker must publish a public announcement in the same newspapers as the original offer, stating either the offer's success with the final price accepted by the acquirer or the offer's failure under the applicable regulation.


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