SEBI has approved the revival of open market share buybacks through stock exchanges, effective 1 August 2026, restoring a route that had been discontinued earlier following changes in the taxation regime. Under the revised framework, buybacks through stock exchanges must be completed within 66 working days, with at least 40% of the earmarked buyback amount deployed during the first half of the buyback period. Companies must directly communicate buyback details to shareholders through electronic means, promoters' holdings will remain frozen during the buyback period, and the appointment of a merchant banker has been made optional to reduce compliance costs.

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