Examples of SEBI Delisting Regulations in a sentence
As per Regulation 17 of the SEBI Delisting Regulations, the Delisting Offer shall be deemed to be successful if the condition stated in points b.
In accordance with Regulation 5A of the SEBI (SAST) Regulations and the applicable provisions of the SEBI Delisting Regulations, the Acquirer and PAC intend to attempt to delist the Target Company pursuant to this Offer.
The Offer Price is higher than the ‘floor price’ which would be applicable for making the proposal to voluntarily delist the Target Company in accordance with Regulation 2(1)(o) of the SEBI Delisting Regulations.
This Offer is subject to the terms and conditions mentioned in this Public Announcement, and to be set out in the detailed public statement (“DPS”) and the letter of offer (“LOF”), that are proposed to be issued in accordance with the SEBI (SAST) Regulations and the SEBI Delisting Regulations.
The Offer Price is more than the book value of the Equity Shares of the Target Company as computed in accordance with the explanation to Regulation 22(5) of the SEBI Delisting Regulations.
The Offer Price will be paid in cash, in accordance with Regulation 9(1)(a) of the SEBI (SAST) Regulations and the applicable provisions of the SEBI Delisting Regulations.
In accordance with Regulation 5A(2) and other applicable provisions of the SEBI (SAST) Regulations and applicable provisions of the SEBI Delisting Regulations, the Offer is being made at an indicative price of INR 246/- (Indian Rupees Two Hundred Forty Six only) per Offer Share (“Offer Price”).
The Floor Price, determined in accordance with Regulation 15(2)(a) of the SEBI Delisting Regulations, was Rs. 19.39 per Equity Share.The Delisting Resolution was required to be passed as a ‘Special Resolution’ through a postal ballot and e-voting in accordance with the provisions of Sections 108 and 110 of the Companies Act, Clause 35B of the equity listing agreement entered into by the Company with the stock exchanges and the Postal Ballot Rules.
The Acquirer shall have the sole discretion to accept or reject the 'Discovered Price' or make a counter-offer in accordance with the SEBI Delisting Regulations.
In this regard, the Company has made necessary disclosures required under SEBI Delisting Regulations and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 to the BSE and NSE.