The SEBI Order noted that the continuation of the Buy–back offer will result in an adverse effect on the business of the Company and in turn, its shareholders. Accordingly, SEBI exercised its powers to allow the withdrawal of the Buy-back.
The SEBI Order noted that the continuation of the Buy–back offer will result in an adverse effect on the business of the Company and in turn, its shareholders. Accordingly, SEBI exercised its powers to allow the withdrawal of the Buy-back.