 "Sebi")
The Sebi on Friday proposed changes to delisting regulations to plug gaps in the existing framework and to enhance disclosures to help public shareholders take informed decisions.
The regulator said the practice of giving an indicative price for the delisting bid can be formalised. Under the current regulations, a company sets a floor price for delisting and some go further and provide a ballpark price at which the promoters are willing to purchase shares from the public shareholders.
“Delisting regulations do not contain any provision to enable this. Indicative price may actually help the investors to gauge the inclination of
