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Gupta has confirmed filing the suit under Section 245 of the Companies Act, stating that more than 100 investors have already consented to take legal action to halt the delisting process. He mentioned that more investors are joining each day to support the legal battle.
Sebi chairperson Madhabi Puri Buch said the move was important since any participant entering the listed markets should be able to exit it.
Schneider Electric President told to relist or follow delisting process SECTIONS Share Synopsis The regulator said that if the company opted for delisting, the reference date for computing the floor price would be the date on which the company made the public announcement for the exit offer. Agencies As per Sebi circular, shareholders who did not participate in the offer could tender their shares for a period of up to one year from the date of closing of the offer i.e., March 17, 2018. Mumbai: In a first, the Securities and Exchange Board of India (Sebi) has asked France-based Schneider Elect...