Delisting: Sebi allows promoters to make counter offer
Updated : November 21, 2018 06:33 AM IST
The Sebi has put in place a system for price discovery as per reverse book building (RRB) method, along with considering counter offer of promoter.
Currently, if the price discovered through reverse book building is not attractive to the promoter, he may unilaterally reject the price and the whole exercise becomes futile.
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