SAARC Ltd., a company listed on nationwide two stock exchanges. It decided to delist its securities from both the stock exchanges. By complying all delisting regulations, the promoters have made an open offer to buy shar

Remaining public shareholder holding such equity shares may tender their shares to the promoter up to a period of minimum one year from the date of delisting and, in such a case, the promoter shall accept the shares tendered at the same final price at which the earlier acceptance of shares was made. The payment of consideration for shares accepted shall be made out of the balance amount lying in the escrow account. The amount in the escrow account or the bank guarantee shall not be released to the promoter unless all payments are made in respect of shares tendered.