News & Media 26th Jul 2023
Delisting regulations have taken centrestage following Sebi chairperson’s statement that norms governing the process are being reviewed. Drawing a parallel with ‘Abhimanyu’, the Sebi chief said the regulator doesn’t want entities to be “trapped” inside the market. Data shows that over the past decade, close to a fifth of the companies that have sought a delisting have failed to go through with the process.
Against this backdrop, ELP’s Partner, Manendra Singh has been quoted in an article “Reverse book-building process: Ideal for stakeholders, bane for promoters”, published by The Financial Express.