Failure of offer
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.... 19. (1) Where the offer is rejected 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 ....
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....a (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.] (b) no final application shall be made to the exchange for delisting of the equity shares; and (c) the escrow account open....


TaxTMI
TaxTMI