DELISTING

Delisting enables a listed company to remove its equity shares from stock exchange platforms, either voluntarily or pursuant to regulatory requirements, in accordance with the SEBI (Delisting of Equity Shares) Regulations. Voluntary delisting is often undertaken to facilitate promoter consolidation, corporate restructuring, strategic realignment, or long-term business transformation outside the purview of public market obligations.

As a SEBI Registered Category I Merchant Banker, Chiranjiv Capital Services Ltd advises and supports clients through the delisting process with a structured and compliant approach. The process involves determination of floor price in line with prescribed pricing regulations, obtaining board and shareholder approvals, issuance of public announcements, and conducting the reverse book-building mechanism (where applicable) to discover the exit price. It further requires escrow arrangements, tendering of shares by public shareholders, settlement of consideration, and completion of post-delisting compliances.

A carefully structured delisting process ensures regulatory adherence, transparent price discovery, protection of minority shareholder interests, and efficient execution aligned with the company’s long-term strategic objectives.