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of <h1>SEBI Regulations Mandate Detailed Disclosures in Tender Offers for Securities Buy-Backs, Including Pricing and Promoter Intentions</h1> The Securities and Exchange Board of India (SEBI) regulations on buy-back of securities through tender offers require additional disclosures in the explanatory statement annexed to a notice under the Companies Act. These disclosures include the maximum price for the buy-back of shares or other specified securities and whether the Board of Directors is authorized to determine the specific price later. If promoters intend to tender their shares, they must disclose the quantity proposed for tender and details of transactions and holdings for the six months preceding the special resolution for buy-back, including the number of shares acquired, acquisition price, and date.
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