Home Acts & Rules SEBI Regulation Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 Chapters List Chapter IV BUY-BACK FROM THE OPEN MARKET This
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Regulation 17 - Opening of the offer on stock exchange - Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018Extract Opening of the offer on stock exchange: 17. (i) The identity of the company as a purchaser shall appear on the electronic screen when the order is placed; 1 [ (ii) the buy-back offer shall open not later than four working days from the record date and shall close:- (a) within six months, if the buy-back offer is opened on or before March 31, 2023; (b) within 66 working days, if the buy-back offer is opened on or after April 1, 2023 and till March 31, 2024; and (c) within 22 working days, if the buy-back offer is opened on or after April 1, 2024 and till March 31, 2025: Provided that with effect from April 1, 2025, the option of open market buy-back through the stock exchange shall not be available to any company except in cases where the buyback offer has opened on or before Mach 31, 2025. ] ************ Notes; 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/120 dated 07-02-2023 , w.e.f. thirtieth day from the date of their publication in the Official Gazette before it was read as:- (ii) The buy-back offer shall open not later than seven working days from the date of public announcement and shall close within six months from the date of opening of the offer.
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