Conditions for delisting

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..... ng of that class of equity shares on any recognized stock exchange; (b) if any instrument issued by the company, which is convertible into the same class of equity share(s) that is sought to be delisted, is outstanding; (c) pursuant to a buyback of equity shares by the company, including a buyback pursuant to consolidation or division of all or part of the equity share capital of the company, unle .....

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..... r to the date of the initial public announcement made in terms of sub-regulation (1) of regulation 8 of these regulations. (3) Nothing contained in clauses (a) and (b) of sub-regulation (1) shall apply to a delisting of equity shares falling under regulation 5 of these regulations. (4) No acquirer shall, directly or indirectly, employ the funds of the company to finance an exit opportunity provide .....

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