Thank you. I read this article – All you wanted to know about reverse book building – The Hindu BusinessLine. Gave me more clarity. One question – Is the reverse book build process like a secret ballot, i.e. will the price at which various shareholders offer their shares be not known till the end? I guess the discovered price will largely be driven by the price at which 1-2 key large stakeholders (e.g. HDFC MF) offer their shares, given this is not owned widely.
Anyway, this is hypothetical. Maybe they don’t plan to delist, but just seems like that may be the way they are heading.
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