Compulsory delisting valuation: exchange-appointed valuers fix fair value and promoters must offer to acquire shares. The recognised stock exchange must form a panel of expert valuers and appoint an independent valuer to determine the fair value of delisted equity shares. The promoter shall acquire delisted shares from public shareholders at the value so determined, subject to their option to retain shares, and acquisition must occur within the period specified after delisting. 'Valuer' includes a peer reviewed chartered accountant or a merchant banker, and valuation must consider the factors in the valuation regulation.
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Provisions expressly mentioned in the judgment/order text.
Compulsory delisting valuation: exchange-appointed valuers fix fair value and promoters must offer to acquire shares.
The recognised stock exchange must form a panel of expert valuers and appoint an independent valuer to determine the fair value of delisted equity shares. The promoter shall acquire delisted shares from public shareholders at the value so determined, subject to their option to retain shares, and acquisition must occur within the period specified after delisting. "Valuer" includes a peer reviewed chartered accountant or a merchant banker, and valuation must consider the factors in the valuation regulation.
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