SEBI to phase out share buyback via stock exchange route
SEBI board also increased the minimum utilisation of the amount earmarked for buyback through the stock exchange route from existing 50% to 75%.
SEBI board also increased the minimum utilisation of the amount earmarked for buyback through the stock exchange route from existing 50% to 75%.
Indices see biggest single-day fall in four years in first full trading day after the Union Budget was unveiled. The BSE Sensex closed 907 points lower, while NSE’s Nifty50 slipped 207 points.
The move is seen as a precursor to the possible acquisition of a majority stake in the company by U.S. retail giant Walmart.