SEBI To Phase Out Share Buybacks Through Stock Exchanges

Mumbai:

Markets regulator Sebi (Securities and Trade Board of India) at this time determined to steadily section out buyback of shares by firms via the inventory alternate route, and likewise permitted steps to spice up governance at inventory exchanges and different market infrastructure establishments.

These have been among the many proposals permitted by Sebi board throughout its assembly at this time.

Sebi Chairperson Madhabi Puri Buch stated the regulator has chosen the tender supply route for share buyback as the current mode is susceptible to favouritism.

“It is a glide path and can result in the phasing out of the current buyback mode (via inventory alternate route),” she instructed reporters right here.

At present, for share buyback, firms have each the choices of inventory alternate and tender supply.

In addition to, Sebi board has determined to scale back time taken for registration of FPIs to facilitate ease of doing enterprise.

Norms may also be amended to facilitate sustainable finance within the nation and curb ‘greenwashing’

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