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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Company Share Buy-Back via Book-Building: SEBI Rules Require Special Resolution, Merchant Banker, Public Announcement, Escrow Account</h1> A company can repurchase its shares or specified securities through the book-building process as per SEBI regulations. The process requires a special resolution specifying the maximum buy-back price, appointment of a merchant banker, and a public announcement at least seven days before the buy-back begins. An escrow account must be established before this announcement. The public announcement should detail the book-building methodology and bidding centers, which must number at least thirty. The buy-back offer remains open for 15 to 30 days, and the final buy-back price is the highest accepted offer, paid to all whose securities are accepted.
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