In India, for any company to successfully delist, its promoters need to acquire at least 90 percent of the company's shares.

Before the official announcement of voluntary delisting, it should be approved by a resolution of the board of directors of the company and prior approval from public shareholders has to be taken.

As per SEBI, the offer price has a floor price, which is an average of 26 weeks average of traded price quoted on the stock exchange. There is no ceiling on the maximum price.