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Cos may have to buy back 50% of proposed offer: SEBI

If the company fails to buy back at least 50%, it may have to forfeit 2.5% of the money earmarked for the buyback

June 21, 2013 4:00 IST | India Infoline News Service
Market regulator SEBI (Securities and Exchange Board of India) is likely to make it mandatory for companies to buy back at least 50% of the proposed offer, according to a media report.

If the company fails to buy back at least 50%, it may have to forfeit 2.5% of the money earmarked for the buyback, the report added.

The regulator's board, which will meet on June 25, is expected to discuss the proposed rules, the report further said.



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