SEBI-Aligned Advisory for Voluntary Delisting of Listed Companies

Biz Valuations provides Delisting Advisory Services to promoters, listed companies, and investors undertaking voluntary delisting in compliance with SEBI (Delisting of Equity Shares) Regulations. Our advisory is valuation-centric, compliance-driven, and shareholder-focused, supporting stakeholders through pricing, regulatory processes, and execution stages.

We assist clients in navigating the delisting process with clarity, ensuring that fair price determination, reverse book building, and regulatory disclosures are aligned with SEBI requirements and minority shareholder protection norms.

Discuss Your Delisting Requirements with Our Advisors

What is Delisting?

Delisting refers to the permanent removal of a company’s equity shares from a recognized stock exchange. Delisting may be voluntary, initiated by promoters, or compulsory, enforced by stock exchanges.

Our advisory focuses on voluntary delisting, where promoters offer to acquire shares from public shareholders and take the company private in compliance with SEBI regulations.

Delisting provides an exit opportunity to public shareholders while allowing promoters to restructure ownership and operations.

Why Companies Choose Delisting

Companies may consider delisting for several strategic reasons:

Low Market
Liquidity

Limited trading volumes and price discovery

Compliance Cost Reduction

Reduced regulatory and disclosure burden

Ownership Consolidation

Greater promoter control

Strategic Restructuring

Flexibility in long-term decision-making

Market
Mispricing

When market value does not reflect intrinsic value

When is Delisting Advisory Required?

Professional delisting advisory services are critical when:
Promoters intend to delist a listed company voluntarily
Fair price determination is required under SEBI regulations
Reverse book building (RBB) must be conducted
Minority shareholder interests need protection
Regulatory documentation and approvals must be managed

Our Delisting Advisory Services

Delisting Structuring Advisory
• Delisting eligibility and feasibility assessment
• Advisory on delisting strategy and sequencing
• Assessment of public shareholding and thresholds
Valuation & Fair Price Determination
• Independent delisting valuation
• Fair price determination in line with SEBI Delisting Regulations
• Pricing analysis to support reverse book building
• Documentation supporting valuation methodology and assumptions
Reverse Book Building (RBB) Advisory
• Understanding and structuring the RBB process
• Indicative price analysis
• Shareholder participation dynamics
• Regulatory compliance during RBB
Regulatory & Documentation Support
• Advisory under SEBI Delisting Regulations
• Assistance with offer documents and disclosures
• Coordination with stock exchanges and intermediaries
• Guidance on approvals and timelines
Execution & Post-Delisting Advisory
• Advisory support during delisting execution
• Post-delisting reporting and disclosures
• Compliance closure and documentation

Valuation & Fairness in Delisting

Valuation plays a central role in protecting public shareholders during delisting.

Globally accepted valuation methods (DCF & market)

Compliance with SEBI fair price norms

Transparent pricing rationale

Independent and defensible valuation opinions

Regulatory & Compliance Framework

Our delisting advisory services are aligned with:

  • SEBI (Delisting of Equity Shares) Regulations
  • Stock exchange rules and disclosure requirements
  • Corporate governance and shareholder protection norms
  • Applicable reporting and compliance obligations

We closely monitor regulatory developments to ensure continued compliance.

Why Choose Biz Valuations for Delisting Advisory?

Biz Valuations brings strong valuation expertise and capital market advisory experience to delisting transactions.

Valuation-Centric Delisting
Advisory

We anchor delisting transactions with robust valuations to support fair and compliant price discovery.

Strong Understanding of SEBI Delisting Regulations

Deep expertise in SEBI Delisting Regulations ensures accurate structuring and smooth regulatory compliance.

Experience Across Listed Company Transactions

Our fair price opinions are objective, well-documented, and designed to withstand regulatory and stakeholder scrutiny.

Experience Across Acquisition & Control Transactions

We prioritize transparency, fairness, and protection of minority shareholder interests throughout the delisting proces.

Minority Shareholder-Focused Advisory Approach

We prioritize fairness, transparency, and protection of minority shareholder interests throughout the open offer process.

Who Should Consider Delisting?

Promoter-led listed companies

Companies with low public float or trading liquidity

Businesses seeking long-term strategic flexibility

Companies where market price does not reflect intrinsic value

Delisting Advisory Process

1

Feasibility & Regulatory Assessment

We evaluate delisting feasibility, shareholding structure, and applicable SEBI delisting regulations.
2

Reverse Book Building & Documentation Support

We advise on the reverse book building process and support preparation of offer documents and regulatory filings.
3

Documentation, Disclosures & Execution Support

We support preparation of offer documents, regulatory filings, and manage disclosures through the execution phase.
4

Execution & Post-Delisting Compliance

We guide execution of the delisting process and manage post-delisting disclosures and compliance requirements.

Frequently Asked Questions

1What is voluntary delisting?
Voluntary delisting occurs when promoters initiate the removal of a company’s shares from stock exchanges in compliance with SEBI regulations.
2What is reverse book building?
Reverse book building is the process through which shareholders tender shares and discover the delisting price.
3Is valuation mandatory for delisting?
Valuation is critical for fair price determination and regulatory compliance in delisting transactions.
4How long does the delisting process take?
Timelines vary based on regulatory approvals and shareholder participation.
5Is SEBI approval required for delisting?
Delisting must comply with SEBI Delisting Regulations and stock exchange requirements.

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