TMI BlogSecurities and Exchange Board of India (SEBI) amended Delisting of Equity Shares Regulations. Key...Securities and Exchange Board of India (SEBI) amended Delisting of Equity Shares Regulations. Key changes: Promoter group defined; restrictions on promoters/entities selling shares 6 months pre-delisting approval; promoter certification on compliance, delisting in shareholders' interest; merchant banker due diligence, certification on promoter trades; delisting allowed if 90% shareholding reached, 25% public participation; provisions on offer price, timelines; SEBI powers to grant relaxations; simplified delisting norms for small companies; transitional provisions. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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