https://www.taxtmi.com/circulars?id=66228 For stock-exchange buy-backs, purchases are capped at a specified proportion of average daily trading volume (value) over the ten preceding trading days; bids are barred during the pre-open, first thirty minutes and last thirty minutes of the regular session; and purchase prices must remain within a narrow range around the last traded price. Non-cash escrow components are subject to SEBI-prescribed haircuts and merchant bankers must ensure sufficiency of net escrow funds until buy-back completion, while stock exchanges will monitor compliance and may enforce penalties. en-us Wed, 08 Mar 2023 00:00:00 +0530 Thu, 09 Mar 2023 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66228 For stock-exchange buy-backs, purchases are capped at a specified proportion of average daily trading volume (value) over the ten preceding trading days; bids are barred during the pre-open, first thirty minutes and last thirty minutes of the regular session; and purchase prices must remain within a narrow range around the last traded price. Non-cash escrow components are subject to SEBI-prescribed haircuts and merchant bankers must ensure sufficiency of net escrow funds until buy-back completion, while stock exchanges will monitor compliance and may enforce penalties. Circulars SEBI Wed, 08 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66228