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of <h1>Only dissenting shareholders holding shares on the relevant date can use the exit offer under Regulation 69D.</h1> Only dissenting shareholders of an issuer who hold shares as of the relevant date are eligible to avail themselves of the exit offer under Regulation 69D of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. This provision was inserted by the SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2016, effective from February 17, 2016.
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