SEBI (Delisting of Equity Shares) Regulations, 2015 – “Timelines for Counter Offer Process”

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....I (Delisting of Equity Shares) Regulations, 2015 - "Timelines for Counter Offer Process" 1. SEBI (Delisting of Equity Shares) Regulations, 2015 has been amended to allow promoter(s) / acquirer(s) to make "Counter offer", in case price discovered through reverse book building is not acceptable to the promoter(s) / acquirer(s). 2. In order to implement the "Counter offer" process and to provid....

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.... (Delisting of Equity Shares) Regulations, 2015 - Timelines for Counter offer Sr. No. Activity Timelines 1.   Public announcement (PA) of Counter offer by Promoter(s)/Acquirer(s) through stock exchange mechanism Within 2 working days from the date of closure of Reverse Book Building (RBB) bidding process 2.   Publication of Counter offer PA in the same newsp....