Odd-lot buy-back: tender offer provisions applied mutatis mutandis to odd-lot shares, later omitted by notification. Regulation 12 provided that the procedural framework for buy-back through a tender offer would apply mutatis mutandis to odd-lot shares and other ... Summary
Odd-lot buy-back: tender offer provisions applied mutatis mutandis to odd-lot shares, later omitted by notification.
Regulation 12 provided that the procedural framework for buy-back through a tender offer would apply mutatis mutandis to odd-lot shares and other specified securities, thereby transposing tender-offer mechanisms and related obligations onto odd-lot transactions; this provision was omitted by a subsequent 2023 notification.
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