Sebi weighs changes in share buyback rules, says report
Updated : May 22, 2019 10:20 AM IST
The new recommendation was made after the matter was discussed in the Sebi-appointed Primary Market Advisory Committee (PMAC).
The development comes in the wake of Sebi’s refusal to approve Larsen & Toubro’s buyback proposal back in January.
The move will affect large corporations who will now have to factor their consolidated debts while looking to buy back their shares.