SEBI tightens share buyback option for companies via stock exchange route
A SEBI circular said the restrictions have been set out for the companies undertaking buy-back through the stock exchange route.
A SEBI circular said the restrictions have been set out for the companies undertaking buy-back through the stock exchange route.
SEBI board also increased the minimum utilisation of the amount earmarked for buyback through the stock exchange route from existing 50% to 75%.
The market regulator has proposed to shift the incidence of tax on buyback from the company to the hands of shareholders.