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    <description>Buy-back through tender offer requires the company to file specified materials with the Board in electronic mode within two working days from the record date. The filing includes a letter of offer containing the disclosures prescribed in Schedule III, submitted through a merchant banker who is not an associate of the company, together with a certificate from such merchant banker certifying compliance with the regulations and the required information, and a declaration of solvency in the prescribed form. No draft letter of offer is required to be filed with the Board.</description>
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