Part C - SPECIAL PROVISIONS FOR A SUBSIDIARY COMPANY GETTING DELISTED THROUGH A SCHEME OF ARRANGEMENT WHEREIN THE LISTED HOLDING COMPANY AND THE SUBSIDIARY COMPANY ARE IN THE SAME LINE OF BUSINESS
Regulation 36 - Delisting of equity shares of companies listed on innovators growth platform after making an initial public offer
Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. Part B SPECIAL PROVISIONS FOR COMPANIES LISTED ON INNOVATORS GROWTH PLATFORM
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Delisting on innovators platform requires board approval, special shareholder consent with public support, floor price plus premium, and exchange approval. Delisting from the Innovators Growth Platform after an IPO requires board approval, a special shareholder resolution with majority public shareholder support, recognised exchange approval, a delisting price based on the takeover floor price plus any justified premium, and attainment of the prescribed post offer shareholding and public tender/acceptance thresholds.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Delisting on innovators platform requires board approval, special shareholder consent with public support, floor price plus premium, and exchange approval.
Delisting from the Innovators Growth Platform after an IPO requires board approval, a special shareholder resolution with majority public shareholder support, recognised exchange approval, a delisting price based on the takeover floor price plus any justified premium, and attainment of the prescribed post offer shareholding and public tender/acceptance thresholds.
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