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    <title>Clarification on applicability of regulation 40(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to open offers, buybacks and delisting of securities of listed entities</title>
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    <description>Shareholders holding securities in physical form are permitted to tender those shares in open offers, buybacks through the tender offer route, and exit offers in voluntary or compulsory delisting, provided that such tendering is carried out in accordance with the relevant provisions governing each of those processes; the Circular is effective immediately and stock exchanges must disseminate the clarification to listed entities, registrars, transfer agents and depositories.</description>
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      <title>Clarification on applicability of regulation 40(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to open offers, buybacks and delisting of securities of listed entities</title>
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      <description>Shareholders holding securities in physical form are permitted to tender those shares in open offers, buybacks through the tender offer route, and exit offers in voluntary or compulsory delisting, provided that such tendering is carried out in accordance with the relevant provisions governing each of those processes; the Circular is effective immediately and stock exchanges must disseminate the clarification to listed entities, registrars, transfer agents and depositories.</description>
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