What happens if the shares are not bought during the auction conducted by the exchange?

What happens if the shares are not bought during the auction conducted by the exchange?

If the auction fails, then the exchange will close out the transaction by settling the buyer’s obligation in cash. The close-out price paid to the buyer will be the highest price of the stock from the transaction day till the auction day or 20% higher than the official closing price on the auction day, whichever is higher.
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