BIG impact of ZeeBiz campaign! These SEBI decisions set to help retail investors; Anil Singhvi hails moves
One of the changes that has been made is in the delisting rules of the companies. At the time of delisting offer made by the company, a floor price is set according to a formula based on the prices of the last six months. Then there is the reverse book-building process where investors can put up price at which they want to sell the shares
Under the new rules, the promoters will also have to tell the indicative price along with the floor price