Delisting of Equity Shares of Public Sector Undertakings

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....1) The provisions of these regulations, shall mutatis mutandis apply to delisting of equity shares of public sector undertakings, other than Banks, Non-Banking Financial Companies and Insurance Companies, subject to the provisions of sub-regulations (2) and (3). (2) The equity shares of public sector undertaking referred to in sub-regulation (1) may be delisted from all the recognised stock excha....

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.... acquirer along with persons acting in concert, during the 52 weeks immediately preceding the reference date; (ii) the highest price paid or payable for any acquisition by the acquirer along with persons acting in concert during the 26 weeks immediately preceding the reference date; (iii) the price determined under a joint valuation report obtained from two independent registered valuers, taki....

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....e remaining public shareholders who have not tendered their shares in the delisting process shall be transferred to specified account of the designated stock exchange, which shall hold such amount for a period of seven years during which period the investors may claim the amount payable to them from the designated Stock Exchange; (b) after completion of the period specified under clause (a), suc....