Sebi Weighing Delisting Options

The Securities and Exchange Board of India (Sebi) is looking for alternative mechanisms to facilitate delisting of shares by the corporate sector, especially the multinationals. While the committee on delisting of shares has recommended book-building method and the Sebi pricing formula for open offers during takeovers, it is learnt that Sebi is not enthused by this methodology.

The delisting committee is headed by Sebi executive director Pratip Kar.