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NOTICES
Notice No.   20200518-15   Notice Date   18 May 2020
Category   Circulars Listed Companies   Segment   Equity
Subject   Relaxations relating to procedural matters – Takeovers and Buy-back.
Attachments   May 14 2020 83.pdf ;
Content

LIST/COMP/13/2020-21                                                                                        

May 18, 2020 

 

Securities and Exchange Board of India (SEBI) has issued Circular No. SEBI/CIR/CFD/DCR1/CIR/P/ 2020/83 dated May 14, 2020, granting one-time relaxations from strict enforcement of certain regulations of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereafter “Takeover Regulations) and SEBI (Buy-back of securities) Regulations, 2018 (hereafter “Buy-back Regulations) pertaining to open offers and buy-back tender offers opening upto July 31, 2020. SEBI has decided to grant further relaxations / issue clarifications regarding provisions of the LODR in the face of challenges faced by listed entities due to the COVID-19 pandemic.

 

This circular shall come into force with immediate effect.

 

The aforesaid circular is enclosed for reference.

 

Listed Companies are requested to take note and comply accordingly. 

 

 

Abhijit Pai                                                                            Shyam Bhagirath

Deputy General Manager                                                     Associate Manager

Listing Compliance                                                               Listing Compliance