Buy-back through tender offer requires reservation for small shareholders and proportionate purchase from existing security holders. Buy-back through tender offer allows a company to repurchase its shares or other specified securities from existing security holders on a proportionate ... Summary
Referred In :
Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Buy-back through tender offer requires reservation for small shareholders and proportionate purchase from existing security holders.
Buy-back through tender offer allows a company to repurchase its shares or other specified securities from existing security holders on a proportionate basis, with a mandatory reservation for small shareholders calculated by reference to the proposed buy-back quantity and shareholders' entitlements, applying the higher measure.
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