Sebi has directed depositories to freeze promoter holdings during company buyback periods. This restriction will be in effect from board approval until the offer closes. Promoters can still participate in buybacks through the tender offer route. Existing pledges created before the buyback period can also be invoked. Depositories must implement these operational systems by August 1.
Sterlite Tech shares tumble 27% from June peak after 400% surge in 2026. Should you catch this falling knife?
Sterlite Technologies shares have seen a notable correction after a substantial rally. Analysts suggest this pause is normal within a broader bullish trend. A recent