SEBI Amends Buy-Back Regulations | Excludes Shares Held by Non-Participating Promoters from Entitlement Ratio
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- Last Updated on 22 November, 2024
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Notification No. SEBI/LAD-NRO/GN/2024/210; Dated: 20.11.2024
SEBI has notified the SEBI (Buy-Back of Securities) (Second Amendment) Regulations, 2024. A new proviso has been inserted to Regulation 4(iv)(a) relating to the conditions and requirements for the buyback of shares and specified securities. It states that if any member of the promoter/promoter group has declared its intention not to participate in the buy-back, the shares held by such member of the promoter/promoter group must not be considered for computing the entitlement ratio.
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