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Sebi tightens norms on buyback via stock exchange route
Financial Express Mumbai
|March 09, 2023
On the margin requirement for deposits in an escrow account, Sebi said the escrow account shall consist of cash and/or other than the cash.
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CAPITAL MARKETS REGULATOR Sebi on Wednesday imposed restrictions on the placement of bids, price and volume for companies undertaking share buyback through the stock exchange route.
Under the restrictions, a company will not be able to purchase more than 25% 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.
Dit verhaal komt uit de March 09, 2023-editie van Financial Express Mumbai.
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