SEBI PROPOSES OVERHAUL OF SHARE BUYBACK GUIDELINES
- Minimum buyback of 50% of proposed size
- Completion of buyback within three months
- 25% of buyback amount to be kept in escrow account
- If buyback size is 15% or more of paid up capital & free reserves, tender route compulsory
- No further capital raising for two years after buyback
- Stricter disclosure norms
- Separate window for physical shares
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