Investment Funds
Regulatory
Capital Markets
The Chambers of Swapneil Akut
J. Sagar Associates, Mumbai
KPMG, Mumbai
EY, Mumbai
For a list of select transactions, please contact the individual lawyer
University of Mumbai (B.M.M., 2010)
Government Law College, Mumbai (LL.B., 2013)
Maharashtra & Goa, India (2014)
Proposed Amendments to the Voluntary Delisting Process
The Securities and Exchange Board of India issued a consultation paper proposing certain amendments to the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. Amendments have been proposed to the counter-offer mechanism of the reverse book-building process, manner of calculation of floor price and the determination of the reference date. A fixed-price route for delisting and a framework for delisting of investment holding companies have also been proposed. This note summarizes the proposed changes to the voluntary delisting process.