SEBI Discussion Paper on Open Market Repurchases


On January 02, 2013, SEBI released a discussion paper on the “Proposed Modifications To The Existing Framework For Buy Back Through Open Market Purchase” proposing significant changes to existing framework for buyback of shares by companies through open market repurchases. The proposals are primarily aimed at ensuring that only serious companies launch a share buyback programme, which in turn would help in protecting the interest of investors. SEBI had solicited public comments on the discussion paper on or before January 31, 2013. InGovern Research Services has published its views and comments on the proposed amendments as outlined in the discussion paper.