Right of the promoter to either make a counter offer or reject the offer
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....res at the offer price determined by the book building process. ^3[(1A) If the price discovered in terms of regulation 15 is not acceptable to the acquirer or the promoter, the acquirer or the promoter may make a counter offer to the public shareholders within two working days of the price discovered under regulation 15, in the manner specified by the Board from time to time: Provided that t....


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