Public shareholders resist SEBI delisting changes after reverse book building shifts

They say the new route cuts transparency and fairness

SEBI’s updated delisting framework, which provides an alternative to the reverse book building process, is drawing pushback from public shareholders. Critics argue the new mechanism may weaken transparency and reduce safeguards meant to ensure fair outcomes for minority investors. The opposition raises questions about how delisting offers will be priced and whether shareholder interests will be sufficiently protected.