SEBI accelerates share buyback reforms with faster timelines and streamlined rules. India's markets regulator has proposed major changes to the buyback framework, including reintroducing open market buybacks through stock exchanges and compressing execution timelines from six months to just 66 working days. The move aims to make buybacks more relevant amid changing market conditions. SEBI also recommended simplifying compliance requirements by removing mandatory merchant banker appointments and improving shareholder communication through electronic intimation within one working day of announcement. Companies must utilize at least 40 percent of earmarked buyback amounts in the first half of the offer period. These regulatory changes could enhance capital efficiency for listed companies and provide better shareholder value through faster execution.
