Thursday, March 15, 2012

SEBI RESERVES 15% BUYBACK OFFERS FOR SMALL INVESTORS

In a move that will make buybacks more friendly for small shareholders, the Securities and
Exchange Board of India (SEBI) announced that 15% of a buyback offer will have to be reserved
for such investors. A small shareholder has been defined as one who holds shares with market
value not exceeding Rs 2 lakhs.

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