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Schneider-Sebi spat: Bombay HC redirects firm to SAT in delisting case


The Bombay High Court (HC) has directed Schneider Electric President Systems to approach the Securities Appellate Tribunal (SAT) afresh in its dispute with the Securities and Exchange Board of India (Sebi), which has asked the former to either delist its shares or list on a national stock exchange within six months. The HC further said that SAT should look at this new appeal without being influenced by its earlier order dated November 26, 2019. The court also directed Sebi not to take any coercive action against the company for another three weeks. In the event the appeal is filed by the petitioner, the same would be decided by the Securities Appellate Tribunal without being influenced by its earlier order dated 26-11-2019 and its observations made therein shall be treated as prima facie, the HC observed. The HC also dismissed apprehensions expressed by the senior counsel for the petitioner (Schneider Electric) that SAT may not be able to provide an efficacious remedy con ....

Schneider Electric , Supreme Court , Pune Stock Exchange , Bombay High Court , Exchange Board Of India Sebi , Bangalore Stock Exchange , Schneider Electric President Systems , Securities Appellate Tribunal , Exchange Board , Equity Shares , Delisting Regulations , Market Regulator , ஶ்நைடர் மின்சார , உச்ச நீதிமன்றம் , புனே ஸ்டாக் பரிமாற்றம் , குண்டு உயர் நீதிமன்றம் , பரிமாற்றம் பலகை ஆஃப் இந்தியா செபி , பெங்களூர் ஸ்டாக் பரிமாற்றம் , ஶ்நைடர் மின்சார ப்ரெஸிடெஂட் அமைப்புகள் , பத்திரங்கள் மேல்முறையீடு தீர்ப்பாயம் , பரிமாற்றம் பலகை , பங்கு பங்குகள் , சந்தை சீராக்கி ,

Schneider Electric President told to relist or follow delisting process


Schneider Electric President told to relist or follow delisting process
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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 Electric President Systems to re-list its shares on any nationwide stock exchange within six months, or follow proper delisting process and give small shareholders an exit opportunity. ....

Vidhi Jhawar , Nimay Dave , Sumit Agarwal , Vikram Raghani , Somasekhar Sundaresan , Pulkit Sukhramani , Amit Agarwal , Pune Stock Exchange , Exchange Board Of India Sebi , Bangalore Stock Exchange , Exchange Board , France Based Schneider Electric President Systems , Pune Stock , Schneider Electric South East Asia , Delisting Process , Schneider Electric , Stock Exchange , வீதி ஜாவர் , சுமிட் அகர்வால் , விக்ரம் ராகனி , அமித் அகர்வால் , புனே ஸ்டாக் பரிமாற்றம் , பரிமாற்றம் பலகை ஆஃப் இந்தியா செபி , பெங்களூர் ஸ்டாக் பரிமாற்றம் , பரிமாற்றம் பலகை , பிரான்ஸ் அடிப்படையிலானது ஶ்நைடர் மின்சார ப்ரெஸிடெஂட் அமைப்புகள் ,