Yeh move promoters ka pura control paane ke liye hai, taaki company bina public market ke pressure ke apne decisions le sake aur listing ke saare compliances aur kharchon se bach jaye. Matlab, seedha business pe focus!
Public shareholders ke liye yeh ek exit ka mauka hai. Company ne Navigant Corporate Advisors ko Manager appointed kiya hai, jo SEBI ke rules ke hisab se reverse book-building process manage karega. Is process mein promoters ek price range offer karenge aur public shareholders decide karenge ki kis price pe apna stake sell karna hai.
Haan, yeh delisting hone se pehle company ke Board of Directors ki approval chahiye, public shareholders ko special resolution pass karna hoga (matlab approval dene wale zyada hone chahiye), aur BSE aur other regulators se bhi green signal milega. Promoters ne assurances di hain ki unke paas buyback ke liye funds ready hain.
Ab public shareholders ko kya sochna hai? Sabse bada risk yeh hai ki reverse book-building mein jo final acquisition price decide hoga, woh shayad unki expectations se kam ho. Company ke liye toh listing ke jhanjhat khatam ho jayenge, par future mein funding ke liye stock market ka access band ho jayega. Investors ko shareholder voting aur price discovery pe poori nazar rakhni chahiye.