Govt likely to unveil group and cross-border insolvency rules within 3-4 months

SEBI plans to reintroduce the open market route for share buybacks, offering companies flexibility and liquidity. Recent tax amendments address past concerns, aligning buyback taxation with capital gains. Public feedback is sought by April 23. “Such (open market) buybacks not only enhance price discovery and liquidity but also offer more flexibility to companies in terms of timelines, pricing and overall administrative effort and costs,” Pulkit Sukhramani, partner at JSA Advocates & Solicitors, said. With taxation on shares tendered in a buyback being treated akin to sale of shares, it was only a matter of time that the open market route was re-introduced, he added. Read more