(e) Fixed Delisting Price.

Regulation 20A of the SEBI (Delisting of Equity Shares) Regulations, 2021, deals with the Fixed Delisting Price, under this: In case the acquirer has proposed delisting through fixed price process; the acquirer shall provide a fixed delisting price which shall be at least 15% more than the floor price calculated in terms of regulation 19A. The acquirer shall be eligible to undertake delisting through fixed price process only if the shares of the company are frequently traded. The acquirer shall be bound to accept the equity shares tendered or offered in the delisting offer, if the post-offer shareholding of the acquirer along with the shares tendered by the public shareholders reaches 90% at the fixed delisting price, offered by the acquirer.