Failure of offer

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....jected under regulation 16 or is not successful as per regulation 17, the offer shall be deemed to have failed and no equity shares shall be acquired pursuant to such offer. (2) Where the offer fails....

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.... Takeovers) Regulations, 2011.] (b) no final application shall be made to the exchange for delisting of the equity shares; and (c) the escrow account opened under regulation 11 shall be closed. ***....