SC: For delisting offer to succeed, public shareholding need not fall below the 10% level stipulated

A delisting offer cant be said to have failed if public shareholding as a result thereof falls below the 20% minimum public shareholding level stipulated by Listing Agreement for continuous listing. Public shareholding need not fall below the 10% level stipulated by Rule 19(2)(b) of SCR Rules as the said limit has no relevance for this purpose