India regulator reinstates buybacks, tightens rules

India's market regulator has approved the reintroduction of share buybacks via stock exchanges, effective August 1st. This move aims to provide companies with a more flexible mechanism for returning capital to shareholders. The buyback window will be limited to 66 working days, and trades can occur in the regular market, eliminating the need for a dedicated buyback period. Alongside this, the regulator has also implemented tighter rules concerning officials' trading activities, signaling a focus on market integrity and fair practices.