https://www.taxtmi.com/acts?id=34461 Regulation 16 permits the acquirer or promoter to reject the book-built offer price and, within a short prescribed period, make a counteroffer to public shareholders provided the counter price is not less than the company's book value as certified by the merchant banker. If the acquirer or promoter declines the discovered price, they shall not acquire tendered shares, deposited or pledged shares under Schedule II must be returned or released within ten working days of bidding closure, the company shall not file the final delisting application, and the acquirer or promoter may close the escrow account. en-us Sat, 05 Jan 2019 14:28:15 +0530 Sat, 05 Jan 2019 15:48:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34461 Regulation 16 permits the acquirer or promoter to reject the book-built offer price and, within a short prescribed period, make a counteroffer to public shareholders provided the counter price is not less than the company's book value as certified by the merchant banker. If the acquirer or promoter declines the discovered price, they shall not acquire tendered shares, deposited or pledged shares under Schedule II must be returned or released within ten working days of bidding closure, the company shall not file the final delisting application, and the acquirer or promoter may close the escrow account. Act-Rules SEBI Sat, 05 Jan 2019 14:28:15 +0530 https://www.taxtmi.com/acts?id=34461