https://www.taxtmi.com/acts?id=39982 Regulation 23 provides that a delisting offer fails if the minimum shares under regulation 21 are not tendered or offered, or if the acquirer rejects the price from the reverse book building process. On failure, tendered or offered shares are released on the relevant disclosure or public announcement date or per Schedule IV for counter-offers. The acquirer bears all offer expenses and is prohibited from making another delisting offer for six months, with exceptions for delisting by new promoters via re-classification and for offers under regulation 5A of the Takeover Regulations. en-us Tue, 15 Jun 2021 11:47:08 +0530 Thu, 26 Sep 2024 18:25:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39982 Regulation 23 provides that a delisting offer fails if the minimum shares under regulation 21 are not tendered or offered, or if the acquirer rejects the price from the reverse book building process. On failure, tendered or offered shares are released on the relevant disclosure or public announcement date or per Schedule IV for counter-offers. The acquirer bears all offer expenses and is prohibited from making another delisting offer for six months, with exceptions for delisting by new promoters via re-classification and for offers under regulation 5A of the Takeover Regulations. Act-Rules SEBI Tue, 15 Jun 2021 11:47:08 +0530 https://www.taxtmi.com/acts?id=39982