https://www.taxtmi.com/notifications?id=142518 Amendments create a separate fixed delisting price process alongside reverse book building, redefine floor price methodology (regulation 19A) prescribing multiple valuation metrics and an adjusted book value formula, and require an interest-bearing escrow with 25% initial deposit and 75% pre-announcement deposit of total consideration. Fixed price delisting requires the fixed price to be at least fifteen percent above the floor, applies only to frequently traded shares, and mandates acceptance if acquirer plus tenders reach ninety percent. Counter-offer and procedural timelines are clarified, and a special scheme-based delisting route for Investment Holding Companies is prescribed with valuation, disclosure, voting, compliance, and relisting conditions. en-us Wed, 25 Sep 2024 00:00:00 +0530 Thu, 26 Sep 2024 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=142518 Amendments create a separate fixed delisting price process alongside reverse book building, redefine floor price methodology (regulation 19A) prescribing multiple valuation metrics and an adjusted book value formula, and require an interest-bearing escrow with 25% initial deposit and 75% pre-announcement deposit of total consideration. Fixed price delisting requires the fixed price to be at least fifteen percent above the floor, applies only to frequently traded shares, and mandates acceptance if acquirer plus tenders reach ninety percent. Counter-offer and procedural timelines are clarified, and a special scheme-based delisting route for Investment Holding Companies is prescribed with valuation, disclosure, voting, compliance, and relisting conditions. Notifications SEBI Wed, 25 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=142518