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Regulation 22D - Retail and Promoter participation - Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018Extract Retail and Promoter participation 22D (i) Retail investors shall have the option to bid at the buy-back price. Explanation : For the purpose of this Chapter, retail investors means securities holders who hold shares or other specified securities of the company up to two lakh rupees in value calculated on the basis of the closing price as on the identified date as specified in Schedule- VI . (ii) Promoters along with their associates shall not be permitted to participate in buy-back through book building. *************** NOTES:- 1. Inserted 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
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