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.
