SEBI board clears changes to make delisting easier

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


The information in this private circulation is not legal advice and should not be treated as such. The information is taken from public domain and is purely for private and non- commercial purposes. We do not represent that the information is correct, accurate, complete or non- misleading.

This disclaimer will be governed by and construed in accordance with laws of India, and any disputes relating to this disclaimer will be subject to the exclusive jurisdiction of the courts of the Republic of India.

Leave your comment