Buy-back through book building

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.... regulation 5 2[or the resolution passed by the Board of Directors at its meeting, as referred to in regulation 5A] shall specify the maximum price at which the buy-back shall be made. (b) The company shall appoint a merchant banker and make a public announcement as referred to in regulation 8. (c) The public announcement shall be made at least seven days prior to the commencement of buy-back. ....

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....ng process shall be made through an electronically linked transparent facility. (h) The number of bidding centres shall not be less than thirty and there shall be at least one electronically linked computer terminal at all the bidding centres. (i) The offer for buy-back shall remain open to the 4[security-holders] for a period not less than fifteen days and not exceeding thirty days. (j) The me....

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....ns, 1999, w.e.f. 21-09-1999. 2 Inserted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 2001, w.e.f. 28-11-2001. 3 Substituted for the word "shareholders" by the SEBI (Buy-back of Securities) (Amendment) Regulations, 1999, w.e.f. 21-09-1999. 4 Substituted for the word "shareholders" by the SEBI (Buy-back of Securities) (Amendment) Regulations, 1999, w.e.f. 21-09-1999. 5 Substitut....