Right of shareholders to participate in the book building process

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..... e book building process in the manner specified in Schedule II. (2) 1 [An acquirer or promoter] or a person acting in concert with any of the promoters shall not make a bid in the offer and the merchant banker shall take necessary steps to ensure compliance with this sub-regulation. (3) Any holder of depository receipts issued on the basis of underlying shares held by a custodian and any such cust .....

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