Option to accept or reject the discovered price or counter offer

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..... d price determined through the reverse book building process is equal to the floor price or the indicative price, if any, offered by the acquirer. (2) The acquirer shall be bound to accept the equity shares, at the indicative price, if any offered by the acquirer, even if the price determined through the reverse book building process is higher than the floor price but less than the indicative pric .....

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..... ines provided in Schedule IV of these regulations. (5) The counter offer price shall not be less than the higher of-. i. volume weighted average price of the shares tendered/offered in the reverse book building process; and ii. the indicative price, if any, offered by the acquirer. Explanation- If the cumulative shareholding of the acquirer, along with the shares tendered or offered by the public .....

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..... shareholders within two working days of the closure of bidding period and thereafter, the acquirer shall ensure compliance with the provisions of these regulations in accordance with the timelines provided in Schedule IV of these regulations. (5) The counter offer price shall not be less than the book value of the company as certified by the Manager to the offer. Explanation, - For the purpose of .....

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