Sebi has greenlit buyback flexibility for companies, reintroducing open market options via exchanges from August 1. Mutual funds gain relaxed borrowing norms for liquidity, and AIFs will see faster fundraising. These moves aim to boost capital management for listed firms, with buybacks needing completion within 66 days and 40% funds deployed early. Merchant banker appointments are now optional, lowering costs.
Bajaj Auto shares gain 2% ahead of record date for its biggest buyback worth Rs 5,633 crore
Bajaj Auto shares gained ahead of the record date for its Rs 5,633 crore share buyback, the company’s largest to date. The buyback will be