Friday, 15 November 2013

Post offer for sale of shareholding of promoters relevant for making a delisting offer

CL : In terms of regulation 17(b) of 2009 Regulations, it is only current shareholding i.e. post-offer for sale (Post-OFS) shareholding of promoter group which has to be taken into consideration while making a delisting offer and, therefore, there can be no question of SEBI specifying a different criterion


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