AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
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Option to accept or reject the discovered price or counter offer
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.... if the discovered price determined through the reverse book building process is equal to the floor price or the indicative price, if any, offered by the acquirer. (2) The acquirer shall be bound to accept the equity shares, at the indicative price, if any offered by the acquirer, even if the price determined through the reverse book building process is higher than the floor price but less than....
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....ese regulations in accordance with the timelines provided in Schedule IV of these regulations. (5) The counter offer price shall not be less than the higher of-. i. volume weighted average price of the shares tendered/offered in the reverse book building process; and ii. the indicative price, if any, offered by the acquirer. Explanation-If the cumulative shareholding of the....
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....fore it was read as, "(4) In case the discovered price is not acceptable to the acquirer, a counter offer may be made by the acquirer to the public shareholders within two working days of the closure of bidding period and thereafter, the acquirer shall ensure compliance with the provisions of these regulations in accordance with the timelines provided in Schedule IV of these regulations. ....