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EconomyThe Hindu20 June 2026
SEBI to reintroduce open market share buybacks via exchanges; eases intra-day borrowing rules for MFs
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📌 Summary:
- SEBI's board (June 19, 2026) approved the reintroduction of open-market share buybacks through stock exchanges
- It relaxed intraday borrowing norms for mutual funds and simplified securities transfer after an investor's death
- It set up a green-channel mechanism, GARUDA, to speed up Alternative Investment Fund (AIF) scheme launches — allowing fundraising within 10 working days of filing the placement memorandum, versus 30 days currently
🎯 UPSC Relevance: GS2/GS3 — role of statutory regulators in capital markets, investor protection and ease of doing business.
📝 Prelims Facts:
- SEBI is a statutory body under the SEBI Act, 1992; headquartered in Mumbai
- GARUDA — green-channel mechanism for AIFs
- AIF fundraising window cut from 30 to 10 working days
🔑 Key Term: Share buyback — a company repurchasing its own shares; open-market buybacks via exchanges have now been reintroduced.
SEBIshare buybackAIFGARUDAmutual funds
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