Delisting Regulations: An Analysis Of The Amendments And Its Implications
  • Author(s): Dr. S. Sethuram
  • Paper ID: 1700958
  • Page: 125-127
  • Published Date: 23-02-2019
  • Published In: Iconic Research And Engineering Journals
  • Publisher: IRE Journals
  • e-ISSN: 2456-8880
  • Volume/Issue: Volume 2 Issue 8 February-2019
Abstract

Delisting means permanent removal of securities of a listed company from a stock exchange. For facilitating delisting of shares of listed entities, while protecting the interest of investors / public shareholders by providing such public shareholders exit with fair compensation, the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 the Delisting Regulations were notified by SEBI on 10 June 2009. One of the key criticisms of the Delisting Regulations was that the price discovered through reverse book building price typically was at significant premium to prevailing market. The Securities and Exchange Board of India has, vide notification dated November 14, 2018, introduced the Securities and Exchange Board of India (Delisting of Equity Shares) (Second Amendment) Regulations, 2018. The changes aim to plug the loopholes in the delisting process considering the interests of the promoters, acquirers and public shareholders.

Keywords

Counter Offer, Delisting Regulations, Offer Price, Equity Shares

Citations

IRE Journals:
Dr. S. Sethuram "Delisting Regulations: An Analysis Of The Amendments And Its Implications " Iconic Research And Engineering Journals Volume 2 Issue 8 2019 Page 125-127

IEEE:
Dr. S. Sethuram "Delisting Regulations: An Analysis Of The Amendments And Its Implications " Iconic Research And Engineering Journals, 2(8)