Regulatory Alerts2025-09-03
Securities and Exchange Board of India (Delisting of Equity Shares) (Amendment) Regulations, 2025
The Securities and Exchange Board of India issued the 2025 Amendment Regulations to introduce special delisting provisions for Public Sector Undertakings (excluding banks, NBFCs, and insurers). These regulations mandate that delisting offers must achieve a floor price at least 15% higher than the highest of recent acquisition prices or independent valuations, subject to shareholder approval via special resolution. Additionally, if a delisted PSU undergoes voluntary strike-off within one year, funds due to remaining public shareholders must be transferred to a designated stock exchange account and subsequently to investor protection funds.
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