The Securities and Exchange Board of India in its circular dated 27th July 2020 has extended relaxation in procedural requirement for listed entities with respect to open and buyback offers till 31st December 2020.
In view of the impact of the COVID-19 pandemic and the lockdown measures undertaken by Central and State Governments, based on the representations received from the market participants, the validity of relaxations, as provided in its earlier circular dated 14th May 2020, has further been extended and shall be applicable for open offers and buy-back through tender offers opening up to December 31, 2020.
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