https://www.taxtmi.com/acts?id=39996 Delisting of a subsidiary by a court-approved scheme with its listed holding company in the same line of business is permitted provided the holding company issues its shares for cancelled subsidiary shares, the subsidiary becomes wholly owned, listing obligations and disclosure requirements are met, prescribed e-voting support thresholds among public shareholders are achieved, prior listing and no-suspension and no-adverse-order conditions are satisfied, further restructuring is restricted for a prescribed period, relisting is barred for a prescribed period, and per-share valuation meets the volume weighted average price reference. en-us Tue, 15 Jun 2021 12:09:46 +0530 Thu, 26 Sep 2024 18:36:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39996 Delisting of a subsidiary by a court-approved scheme with its listed holding company in the same line of business is permitted provided the holding company issues its shares for cancelled subsidiary shares, the subsidiary becomes wholly owned, listing obligations and disclosure requirements are met, prescribed e-voting support thresholds among public shareholders are achieved, prior listing and no-suspension and no-adverse-order conditions are satisfied, further restructuring is restricted for a prescribed period, relisting is barred for a prescribed period, and per-share valuation meets the volume weighted average price reference. Act-Rules SEBI Tue, 15 Jun 2021 12:09:46 +0530 https://www.taxtmi.com/acts?id=39996