IPOs won’t be a no-exit entry, say experts after Sebi makes delisting easier
July 1, 2024
IPOs won’t be a no-exit entry, say experts after Sebi makes delisting easier - MMJC
After the markets regulator Sebi approved introducing a fixed price process for delisting companies from stock exchanges, market experts welcomed the move saying that in the earlier book-building regime listing had become a no-exit entry.
“It is a good initiative by Sebi considering all those entities who attempted delisting in the past few years and were unsuccessful. These entities may attempt again for delisting. With the amended delisting framework now even if the entity fails to acquire 90% of total share capital but if the majority of public shareholders are ready to offer shares then the delisting process can be successful,” said Makarand M Joshi of corporate compliance firm MMJC & Associates.
The views covered in Economic Times – are shared by our Partner – Mr. Makarand Joshi. The same can viewed at the following link:
