Home Acts & Rules SEBI Regulation Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. Chapters List Chapter IV EXIT OPPORTUNITY This
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Regulation 19 - Right of shareholders to participate in the reverse book building process - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.Extract Right of shareholders to participate in the reverse book building process 19. (1) Public shareholders holding the equity shares of the company, which are sought to be delisted, shall be entitled to participate in the reverse book building process in the manner specified in Schedule II of these regulations. (2) The Manager to the issue shall take necessary steps to ensure compliance with sub-regulation (1). (3) Any holder of depository receipts issued on the basis of underlying equity shares and a custodian keeping custody of such equity shares shall not be entitled to participate in the reverse book building process: Provided that any holder of depository receipts may participate in the reverse book building process under sub-regulation (1) after converting such depository receipts into equity shares of the company that are proposed to be delisted.
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