Green Signal for Open Market Buybacks
Mumbai: SEBI, the capital market regulator, has further simplified the share buyback process for companies. It has decided to re-permit the open market share buyback mechanism conducted through stock exchanges. This mechanism is set to come into effect on August 1 of this year. The SEBI board took this decision during a meeting held on Friday, chaired by Tuhin Kanta Pandey. Under this system, companies must complete share buybacks initiated through this process within 66 days.
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