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<h1>SEBI Updates Delisting Rules: Defines 'Promoter Group,' New Disclosures, Compliance Certification, and Relaxation for Investor Interests.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to the Delisting of Equity Shares Regulations, 2009, effective upon publication in the Official Gazette. Key changes include defining 'promoter group,' updating references to the 2011 Takeover Regulations, and imposing restrictions on promoters proposing delisting if shares were sold within six months prior. New requirements mandate disclosures to stock exchanges, appointment of a merchant banker for due diligence, and certification of compliance with securities laws. The amendments also revise timelines, introduce conditions for successful delisting, and allow SEBI to relax regulations for investor interests.