Webinar
New Delisting Amendments: What really changes for dealmaking?
Friday, 05 July, 2024
3:00 pm (IST) | 5:30 am (EST) | 5:30 pm (SGT)
About
In 2023, SEBI published a consultation paper on voluntary delisting norms, leading to recent amendments to the Delisting Regulations approved in SEBI’s board meeting on June 27, 2024. These amendments focus on several key changes: (a) introducing a fixed price delisting mechanism as an alternative to the existing reverse book building (RBB) process; (b) re-evaluating the counter offer framework; (c) incorporating “adjusted book value” as a parameter for determining the floor price; and (d) revising the reference date used in floor price calculations. Join us on Friday, July 05, 2024, as we delve into the nuances of these changes and gain deeper insights.
Please refer to our detailed analysis on SEBI’s most recent consultation paper of 2023 on delisting.
Agenda
- Why was delisting a struggle and how do the new amendments help, if at all?
- What is the fixed price delisting mechanism and why it may not work?
- The new counter-offer mechanism and its efficacy?
- Adjusted Book Value – A Gap Much Needed to be Filled for Asset-Heavy Companies?
- Finally, is an “all or none” take private possible?
Speakers
Payaswini Upadhyay
Counsel & Leader- Regulatory and Policy
Resolüt Partners
Shreyas Bhushan
Partner
Resolüt Partners
Ruchir Sinha
Managing Partner
Resolüt Partners