https://www.taxtmi.com/notifications?id=137072 Amendments permit an acquirer who announces an open offer to also make a delisting offer if the intention is declared upfront; eligible acquirers must not be promoters, persons in control, associated with promoters, or holders above specified thresholds, and must disclose both the open offer price and an indicative delisting price (with rationale and minimum book value). If the delisting threshold is met, tendering shareholders receive the indicative price; if not, they receive the open offer price. Failed delisting, competing offers, withdrawal rights, further delisting attempts when non public holdings exceed limits, scale down options to retain listing, and related disclosure and timing rules are provided. en-us Mon, 06 Dec 2021 00:00:00 +0530 Tue, 07 Dec 2021 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=137072 Amendments permit an acquirer who announces an open offer to also make a delisting offer if the intention is declared upfront; eligible acquirers must not be promoters, persons in control, associated with promoters, or holders above specified thresholds, and must disclose both the open offer price and an indicative delisting price (with rationale and minimum book value). If the delisting threshold is met, tendering shareholders receive the indicative price; if not, they receive the open offer price. Failed delisting, competing offers, withdrawal rights, further delisting attempts when non public holdings exceed limits, scale down options to retain listing, and related disclosure and timing rules are provided. Notifications SEBI Mon, 06 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=137072