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of <h1>SEBI Grants Temporary Relaxations for Takeover and Buy-back Regulations Amid COVID-19; Electronic Communications Allowed Until July 31, 2020.</h1> In response to the COVID-19 pandemic, the Securities and Exchange Board of India (SEBI) has issued temporary relaxations for procedural requirements under the Takeover and Buy-back Regulations. These relaxations, effective immediately and applicable until July 31, 2020, allow companies to electronically transmit offer documents to shareholders. Companies must also publish these documents on their websites and utilize other communication methods like postal services, SMS, or digital advertisements to reach shareholders. Additionally, companies are encouraged to use media advertisements to inform shareholders about the tendering process and provide electronic access to inspect material documents.
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