Regulation 13 - Bidding period - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009

Bidding period 13. (1) The date of opening of the offer shall not be later than 1 [seven] working days from the date of the public announcement. 2 [(1A) The acquirer or promoter shall facilitate tendering of shares by the shareholders and settlement of the same, through the stock exchange mechanism as specified by the Board.] (2) The offer shall remain open for a 3 [***] period of five working days, during which the public shareholders may tender their bids. ************* 1 Substituted for the words fifty five by the SEBI (Delisting of Equity shares) (Amendment) Regulations 2015, w.e.f. 24-03-2015 2 Inserted by the SEBI (Delisting of Equity shares) (Amendment) Regulations 2015, w.e.f. 24-03-2015. 3 Omitted by the SEBI (Delisting of Equity shares) (Amendment) Regulations 2015, w.e.f. 24-03-2015.Prior to omission it read as minimum period of three working days and a maximum