Shubhra Wadhawan

Oct 3, 2024 | lexology.com | Arindam Ghosh |Abhishek Dadoo |Anvita Mishra |Gaurang Mansinghka |Shashank Patil |Shubhra Wadhawan

Introduction The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021 (Delisting Regulations) sets out a detailed mechanism for promoters to delist listed companies while ensuring that all public shareholders are provided a fair and equitable exit. Under the erstwhile regime, the exit price was determined through a reverse book building (RBB) process based on the prices at which bids were placed by public shareholders as they deemed fit.