https://www.taxtmi.com/acts?id=34479 The schedule mandates a book building process for delisting using an electronically linked transparent facility with a stock exchange agreement, specified bidding centres and terminals, appointed trading members, and an electronic audit trail. Shareholders may revise bids upward or withdraw up to one day before closure; downward revision is not allowed. Dematerialised shares must be deposited or pledged to a special depositories account; merchant bankers must prevent transfer to promoters unless bids are accepted and payment made. Physical certificates require verification before acceptance. The final offer price is the bid level that enables the promoter to reach a ninety percent holding threshold, subject to the promoter's discretion to fix a higher price. en-us Sat, 05 Jan 2019 15:03:25 +0530 Sat, 05 Jan 2019 15:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34479 The schedule mandates a book building process for delisting using an electronically linked transparent facility with a stock exchange agreement, specified bidding centres and terminals, appointed trading members, and an electronic audit trail. Shareholders may revise bids upward or withdraw up to one day before closure; downward revision is not allowed. Dematerialised shares must be deposited or pledged to a special depositories account; merchant bankers must prevent transfer to promoters unless bids are accepted and payment made. Physical certificates require verification before acceptance. The final offer price is the bid level that enables the promoter to reach a ninety percent holding threshold, subject to the promoter's discretion to fix a higher price. Act-Rules SEBI Sat, 05 Jan 2019 15:03:25 +0530 https://www.taxtmi.com/acts?id=34479