Alerts & Updates 4th Jul 2024

M&A Push Through Delisting | Easing of Disclosure Norms & Ease of Doing Business Measures Proposed By SEBI

Authors

Manendra Singh Partner | Mumbai
Aditi Ladha Senior Associate | Mumbai

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In what could boost M&A via delisting route, SEBI has recently approved changes to the Delisting Regulations. The changes include (a) fixed price route as an alternative to the reverse book building (RBB) process, (b) easing threshold for counter-offer process and (c) providing separate mechanism for delisting of listed investment holding companies (IHCs).

Additionally, SEBI has also released a consultation paper proposing various amendments to the LODR Regulations and ICDR Regulations and harmonizing certain provisions of both regulations. In particular, SEBI has proposed easing of disclosure norms for tax litigations and actions by authorities. These steps are aimed at ease of doing business.

Read the detailed update here