Description

BSE circular announcing the outcome of reverse book building process for CES Limited under SEBI delisting regulations 17(3).

Summary

BSE has announced the outcome of the reverse book building process for CES Limited under SEBI Delisting Regulations 17(3). This process determines the exit price for minority shareholders in a delisting scenario.

Key Points

  • Reverse book building process completed for CES Limited
  • Process conducted under SEBI Delisting Regulations 17(3)
  • Outcome affects minority shareholder exit opportunity
  • BSE has published the results of the price discovery mechanism

Regulatory Changes

No new regulatory changes introduced. This circular implements existing SEBI delisting regulations.

Compliance Requirements

  • Shareholders must review the outcome to understand exit price
  • Company must comply with post-delisting obligations
  • Market participants must update records accordingly

Important Dates

  • Circular date: July 30, 2025
  • Reverse book building process completion date as specified in the detailed circular

Impact Assessment

High impact on CES Limited shareholders as this determines the final exit price for minority shareholders in the delisting process. The outcome directly affects shareholder wealth and company’s transition from public to private status.

Impact Justification

Delisting outcomes significantly impact shareholders and market operations