Business news · Policy & Regulation · 19 Jun 2026
SEBI's board reinstated open-market share buybacks through the stock-exchange route from August 1, 2026, a year after the route was phased out. Such buybacks must be completed within 66 working days, with at least 40% of the earmarked money used in the first half of the period. The board also allowed mutual funds to use intraday borrowing to bridge pay-in and pay-out timing gaps, aligned securitised-debt rules with the RBI framework and fast-tracked AIF scheme launches. SEBI noted only about Rs 54,000 crore of Rs 5 trillion in outstanding securitised debt is listed.
Open-market buybacks give cash-rich listed companies, including IT services firms and PSUs, a flexible way to return money by buying shares on the exchange over weeks rather than through fixed-price tender offers, which can support prices in weak markets. Stock exchanges and brokers get extra trading volume. The securitised-debt changes help banks and NBFCs that sell loan pools, and intraday borrowing eases settlement operations for asset managers.
Reported by Business Standard — “Sebi board brings back open-market share buybacks; eases debt listing” ↗ on 19 Jun 2026.
NSE stocks, from the last close on or before 19 Jun 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Financial Services | 125 | -6.4% | 40 of 125 | -0.3 pts |
| All tracked stocks | 804 | -6.1% | 293 of 804 | — |
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