Facilitation of tendering of shares required, with settlement through the stock exchange mechanism specified by the Board. The SEBI amendment inserts Regulation 9(3A) into the Buy Back Regulations, obliging the acquirer or promoter to facilitate tendering of shares by shareholders and settlement of those tenders through the stock exchange mechanism as specified by the Board, thereby requiring buy back tendering and settlement to occur via the exchange based mechanism designated by SEBI.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Facilitation of tendering of shares required, with settlement through the stock exchange mechanism specified by the Board.
The SEBI amendment inserts Regulation 9(3A) into the Buy Back Regulations, obliging the acquirer or promoter to facilitate tendering of shares by shareholders and settlement of those tenders through the stock exchange mechanism as specified by the Board, thereby requiring buy back tendering and settlement to occur via the exchange based mechanism designated by SEBI.
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