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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Regulation 9 mandates acquirers appoint a non-affiliated merchant banker as Manager before delisting public announcement.</h1> Regulation 9 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, mandates that before making an initial public announcement for delisting, the acquirer must appoint a merchant banker, registered with the Board, as the Manager to the offer. This Manager cannot be an associate of the acquirer. The acquirer must conduct the initial public announcement and subsequent activities required under these regulations through the appointed Manager.