Sebi puts restrictions on cos opting share buyback via stock exchange route : Capital markets regulator Sebi on Wednesday imposed restrictions on the placement of bids, price and volume for the companies undertaking share buyback through the stock exchange route.
March 2023 Current Affairs Quiz
Under the restrictions, a company will not be able to purchase more than 25 per cent of the average daily trading volume (in value) of its shares in the 10 trading days preceding the day in which such purchases are made, Sebi said in a circular.
A company will not be able to purchase more than 25% of the average daily trading volume of its shares in the 10 trading days preceding the day in which such purchases are made. The company will not place bids in the first 30 minutes and the last 30 minutes of the regular trading session.
