Regulation 18 - Procedure after closure of offer - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009

Procedure after closure of offer 18. Within 1 [five] working days of 2 [the] closure of the offer, the 3 [promoter/acquirer] and the merchant banker shall make a public announcement in the same newspapers in which the public announcement under sub - regulation (1) of regulation 10 was made regarding:- (i) the success of the offer in terms of regulation 17 Along with the final price accepted by the acquirer; or (ii) the failure of the offer in terms of regulation 19; or 4 [***] ********* 1 Substituted for the word eight 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) (Second Amendment) Regulations, 2018, w.e.f. 14.11.2018. 3 Substituted for the word promoter by the SEBI (Delisting of Equity shares) (Amendment) Regulations 2015, w.e.f. 24-03-2015 4 Omitted by the SEBI (Delisting of Equity Shares) (Second Amendment) Regulations, 2018, w.e.f. 14.11.2018. Prior to the omission, the clause read as follows: (iii) rejection under regulation 16 of the final price discovered under Schedule II, by the promoters.