Delisting bidding process requires a defined bidding period and prompt public disclosure of the bidding outcome. Regulation 17 requires the bidding period to commence within seven working days of the detailed public announcement and remain open for five working days. The acquirer must facilitate tendering and settlement through the stock exchange mechanism. The Manager must announce the outcome within two hours of bidding closure. Within two working days of closure the acquirer, through the Manager, must publicly announce success or failure in the same newspapers used for the detailed public announcement and disclose the discovered price when the reverse book building process succeeds.