The Securities and Exchange Board of India (SEBI) has eased delisting rules by diluting the provision that mandated companies to get a minimum number of public shareholders to participate for an offer to be successful. “It was decided to add a provision that if the acquirer and the merchant banker are able to demonstrate that they have contacted all the public shareholders, about the offer in the manner prescribed, then the condition of mandatory participation of 25% of the public shareholders holding shares in dematerialised mode would not be applicable,” SEBI said in a statement
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