Delisting of Equity Shares of Public Sector Undertakings
X X X X Extracts X X X X
X X X X Extracts X X X X
..... (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 s....
X X X X Extracts X X X X
X X X X Extracts X X X X
....price paid or payable for acquisitions by the 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 re....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ent of the following conditions- (a) the amount which is due to the 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 Exc....
TaxTMI