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.