Route selection and transaction perimeter
Classify tender offer, open-market or delisting route and transaction objective before approval.
Finin2min Summary — in 2 Minutes
Decision: Choose and execute a buy-back or delisting route only after eligibility, pricing, approvals, escrow, promoter conduct and investor-exit controls are aligned.
Legal owner and source control
Currentness note: The 21 July 2026 promoter-holdings freeze item must be checked in the final circular text and exchange implementation on the transaction date.
Decision guides
Board, shareholder and regulatory approvals
Sequence corporate, SEBI/exchange and shareholder approvals with complete conflict and abstention records.
Eligibility, limits and post-transaction capital
Test issuer, promoter, default, capital, leverage, minimum public shareholding and cooling-period conditions.
Price discovery, valuation and fairness
Apply the prescribed pricing or bidding method and preserve valuation assumptions and market data.
Public announcement, offer documents and disclosure
Reconcile terms, promoter intention, financial data, risks, conditions and timelines across all communications.
Escrow, tender or bidding, settlement and extinguishment
Control funds, bids/tenders, acceptance, settlement, demat and extinguishment end to end.
Promoter dealing, holding freeze and information controls
Apply promoter dealing, freeze, UPSI and conflict controls from proposal through completion.
Completion, failure, residual holders and enforcement
Close only after consideration, extinguishment, filings, residual claims and failure consequences are resolved.
Operating map
Finin2min Q&A
Does this module replace the official legal text?
No. It translates the operating questions into controls. The current official Regulation and later circulars govern exact wording, dates and exceptions.
Does a successful filing prove compliance?
No. It proves a system transaction. Applicability, approval, timing, disclosure, evidence and investor/client outcome must be tested separately.