Right of the promoter to either make a counter offer or reject the offer

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..... termined by the book building process. 3 [(1A) If the price discovered in terms of regulation 15 is not acceptable to the acquirer or the promoter, the acquirer or the promoter may make a counter offer to the public shareholders within two working days of the price discovered under regulation 15, in the manner specified by the Board from time to time: Provided that the counter offer price shall no .....

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..... EBI (Delisting of Equity Shares) (Second Amendment) Regulations, 2018, w.e.f. 14.11.2018. 2 Inserted by the SEBI (Delisting of Equity shares) (Amendment) Regulations 2015, w.e.f. 24-03-2015. 3 Inserted by the SEBI (Delisting of Equity Shares) (Second Amendment) Regulations, 2018, w.e.f. 14.11.2018. 4 Ibid. 5 Ibid. 6 Substituted for the word paragraphs by the SEBI (Delisting of Equity Shares) (Seco .....

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