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After tender offers, Sebi to now review open-market buybacks
After overhauling the tender offer buyback process, the capital markets regulator, the Securities and Exchange Board of India (Sebi), will review buybacks done through the open market route.
Market experts say the review of the open-market route is critical, as a majority of the buybacks are conducted through this route.
Jagannadham Thunuguntla, strategist and head of research, SMC Global Securities,
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