Exit of issuers whose securities are trading without making a public offer

An issuer whose specified securities are traded on the innovators growth platform without making a public issue may exit from that platform, if

  • its shareholders approve such an exit by passing a special resolution through postal ballot where ninety per cent of the total votes and the majority of non-promoter votes have been cast in favor of such proposal; and
  • the recognised stock exchange where its shares are listed approves of such an exit.

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