Regulation 15 - Detailed public announcement - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.

Detailed public announcement 15 . (1) The acquirer shall, within one working day from the date of receipt of in-principle approval for delisting of equity shares from the recognised stock exchange, make a detailed public announcement in at least one English national newspaper with wide circulation, one Hindi national newspaper with wide circulation in their all India editions and one vernacular newspaper of the region where the relevant recognised stock exchange is located. (2) The detailed public announcement shall contain all material information including the information specified in Schedule I of these regulations and shall not contain any false or misleading statement. (3) The detailed public announcement shall also specify a date, being a day not later than one working day from the date of the detailed public announcement, which shall be the specified date for determining the names of the shareholders to whom the letter of offer shall be sent. (4) The detailed public announcement shall be dated and signed by the acquirer. Explanation,- If the acquirer is a company, the detailed public announcement shall be dated and signed on behalf of the Board of Directors of the company by its Manager or Secretary, if any, and by not less than two directors of the company, one of whom shall be the managing director where there is one.