Sebi board approves reintroducing open-market window for share buybacks from August 1 (opens original article in a new tab)

Markets regulator Sebi has approved the reintroduction of open-market share buybacks starting August 1, with a 60-day limit, after previously phasing out the mechanism due to concerns about equitable participation and market influence.

• Sebi board approves reintroducing open-market buybacks effective August 1
• Current share buybacks are done via tender offers, odd-lot buybacks, and structured routes
• Open market buybacks will have a 60-day limit under the new regime
• Companies use buybacks to return cash to shareholders and improve earnings per share