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
Delisting disclosure requirements: Detailed public announcement must specify offer price, timetable, escrow, and shareholding details. The detailed public announcement for a delisting offer must disclose core information enabling shareholders to evaluate the offer: floor and offer prices and their calculation, any indicative acquirer price, bidding period dates, target stock exchange, acceptance mechanism, minimum acceptance condition, manager and intermediary details, specified regulatory date, object of delisting, offer timetable, and escrow account particulars; and must provide listing and market price/volume histories, present and expected post delisting shareholding, aggregate acquirer shareholdings, board certified statements on utilization of proceeds and regulatory compliance, documents for inspection, and the compliance officer's name.
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 disclosure requirements: Detailed public announcement must specify offer price, timetable, escrow, and shareholding details.
The detailed public announcement for a delisting offer must disclose core information enabling shareholders to evaluate the offer: floor and offer prices and their calculation, any indicative acquirer price, bidding period dates, target stock exchange, acceptance mechanism, minimum acceptance condition, manager and intermediary details, specified regulatory date, object of delisting, offer timetable, and escrow account particulars; and must provide listing and market price/volume histories, present and expected post delisting shareholding, aggregate acquirer shareholdings, board certified statements on utilization of proceeds and regulatory compliance, documents for inspection, and the compliance officer's name.
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