SEBI Simplifies Buyback Regulations, Changes IPO Price Band Timeline

The Securities and Exchange Board (SEBI) has approved amendments to buyback and takeover regulations and changed the time for announcing the price band of initial public offering (IPO) from 5 to 2 days, according to the chairman of SEBI, Ajay Tyagi.

SEBI had made a proposal to bring changes based on suggestions made by the regulator’s Primary Market Advisory Committee (PMAC). In a consultation paper, SEBI had proposed that entities would not be required to file draft papers for rights issue worth up to Rs 10 crore.
Source- The Financial Express

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • SEBI- Securities and Exchange Board of India.
  • SEBI Chairman- Ajay Tyagi, Headquarters- Mumbai.