Trading Members and Market Intermediaries are hereby requested to note that SEBI has notified Securities and Exchange Board of India (Buy-Back of Securities) (Amendment) Regulations, 2023 on February 07, 2023 and Operational Guidance - Amendment to Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 vide its circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/35 dated March 08, 2023.
In accordance with aforesaid SEBI Regulation and circular, a separate Buyback window is activated. The trading parameters for the same is given in Annexure I.
Trading Members and Market Intermediaries are requested to note that the amendment to Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 shall be effective for all buy-back offers where the Board of Directors of the company approve resolution with respect to Buy-back on or after March 09, 2023.
Further, for the existing on-going buyback of shares through open market by the listed companies, there is no change in the existing process and trading parameters for buyback of shares.
For more information and clarity, FAQ on Open Market Buyback is attached as Annexure II and the same shall be made available on the Exchange website.
Trading Members and Market Intermediaries may please contact us for any further clarification on the subject matter of the notice on the following emails & phone numbers:
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Particulars
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Name of the Officer
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Contact No.
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Email Id
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Buyback Process & Regulations
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IPO Team
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22728915
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equity.ipo@bseindia.com
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Trading Operations
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Trading Ops/ Member Help Desk
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45720400/600
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trading.ops@bseindia.com
/bsehelp@bseindia.com
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Settlement
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Settlement Team
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22725682 / 8223 / 5163 / 5822
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bse.csd@bseindia.com
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Mangesh Tayde Sameer Vaze
Assistant General Manager Assistant General Manager
Listing Sales & CRD Trading Operations |