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The Security Exchange Board of India has decided to reduce the time taken for completion and buy-back offers. The market regulator plans to alter timelines for certain procedural activities. It is believed that the changes would reduce the overall time taken to would be reduced to 42 days from the current 62 working days. In the case of buy-back shares, SEBI would reduce the time to 36 working days from 43 days.
SEBI thinks that these steps will make the system more efficient and investor-friendly. For this, SEBI has issued a consultation paper welcoming public comments on it till April 15.
The SEBI decides to reduce the time taken for completion and buy-back offers
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