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of <h1>SEBI Extends Relaxations for Takeovers and Buy-backs Under 2011 and 2018 Regulations Until December 31, 2020.</h1> The Securities and Exchange Board of India (SEBI) issued a circular extending the validity of certain procedural relaxations related to takeovers and buy-backs. Initially granted in May 2020, these relaxations pertain to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and SEBI (Buy-back of Securities) Regulations, 2018. The extension applies to open offers and buy-backs through tender offers opening until December 31, 2020. This decision follows market participant representations and is enacted under the authority of the SEBI Act, 1992. The circular is accessible on SEBI's official website.
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