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Shareholders holding securities in physical form are allowed to tender shares in open offers and buy-backs

July 31, 2020
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The SEBI has received representations from investors expressing concerns that they have not been able to participate in open offers, buybacks and delisting of securities of listed entities since the securities held by them were not in dematerialized form. In this context, it has clarified that shareholders holding securities in physical form are allowed to tender shares in open offers, buy-backs through tender offer route and exit offers in case of voluntary or compulsory delisting.
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taxmann.com
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