Regulatory Alerts2025-09-03
Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021
The Securities and Exchange Board of India issued these regulations to govern the voluntary and compulsory delisting of equity shares from recognized stock exchanges. The framework mandates that acquirers provide an exit opportunity to public shareholders through a reverse book building or fixed price process when delisting from all exchanges. It establishes strict procedural requirements, including board and shareholder approvals, independent due diligence, and the maintenance of escrow accounts to ensure fair pricing and compliance with securities laws.
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