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Section 15

SEBI (Delisting of Equity Shares) Regulations, 2009 - last amended on July 29, 2019Central Regulations · 1992

(1) The offer price shall be determined through book building in the manner specified in Schedule II, after fixation of floor price under sub-regulation (2) and disclosure of the same in the public announcement and the letter of offer.

43[(2) The floor price shall be determined in terms of regulation 8 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as may be applicable.]

44[Explanation: The reference date for computing the floor price would be the date on which the recognized stock exchange/s were required to be notified of the board meeting in which the delisting proposal would be considered.]

(3) 45[***] 46[Right of the promoter to either make a counter offer or reject the offer]

Where this provision sits

ActSEBI (Delisting of Equity Shares) Regulations, 2009 - last amended on July 29, 2019
Section15
JurisdictionCentral
StatusIn force as published by the source

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