Photo of Sourav Kanti De Biswas

Partner in the General Corporate Practice at the Delhi office of Cyril Amarchand Mangaldas focussing on General Corporate Advisory, JVs, M&A, Commercial Contracting, Compliance and Corporate Governance. Sourav has over thirteen years of work experience in legal matters across sectors, including manufacturing, information technology, retail, media & entertainment, pharmaceuticals, etc. He has extensively advised various domestic and international clients on complex legal transactions, including compliance, corporate governance, foreign exchange matters, securities laws, interpretation of contracts etc.

Amendments to the SEBI Delisting Regulations – A Welcome Move

Pursuant to the discussion paper on delisting of equity shares floated by the Securities and Exchange Board of India (SEBI) on July 26, 2018, SEBI has recently amended the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (Delisting Regulations) and has accordingly notified the Securities and Exchange Board of India (Delisting of Equity Shares) (Second Amendment) Regulations, 2018 (Amended Delisting Regulations) on November 14, 2018. The aim of the amendment is to plug loopholes in the delisting process considering the interests of the promoters/acquirers and public shareholders.
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