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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Regulation 17: Delisting Bids to Open Within 7 Days, Stay Open for 5 Days; Results Announced in 2 Hours</h1> Regulation 17 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, outlines the bidding or tendering mechanism for delisting proposals. The bidding or tendering period must commence within seven working days from the public announcement and remain open for five working days. The acquirer is responsible for facilitating the tendering of shares and settlement through the stock exchange mechanism. The Manager to the offer must announce the outcome within two hours of closure and make a public announcement within two working days, disclosing the success or failure and the discovered price if successful.