Explain the term "Discovered Price" as defined under regulation 20 of The SEBI (Delisting of Equity Shares) Regulations, 2021.

Regulation 20 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021 deals with discovered price. Regulation 20 (1) provides that after fixation of the floor price under 19 in terms of regulation 19A of these regulations, the discovered price shall be determined through the reverse book building process in the manner specified in Schedule II of these regulations and shall be disclosed in the detailed public announcement and the letter of offer by the Manager of the offer. The acquirer shall have the option to provide an indicative price in respect of the delisting offer, which shall be higher than the floor price calculated in terms of regulation 19A of these regulations. The acquirer shall also have the option to revise the indicative price upwards before the start of the bidding period and the same shall be duly disclosed to the shareholders. (6) The acquirer may, if it deems fit, pay a price higher than the discovered price determined in terms of sub-regulation (1).