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of <h1>Regulation 21: Public shareholders can sell shares to promoters within one year of delisting at the final accepted price.</h1> Under the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, Regulation 21 provides that if equity shares are delisted, remaining public shareholders can tender their shares to the promoter within one year of delisting. The promoter must accept these shares at the same final price as earlier accepted shares. Payment for these shares is made from the escrow account balance. The escrow amount or bank guarantee cannot be released to the promoter until all payments for tendered shares are completed.
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