The Securities and Exchange Board (SEBI) has approved amendments to buyback and takeover regulations and changed the time for announcing the price band of initial public offering (IPO) from 5 to 2 days, chairman Ajay Tyagi told reporters. SEBI had made a proposal to bring changes based on suggestions made by the regulator’s Primary Market Advisory Committee (PMAC). In a consultation paper, Sebi had proposed that entities would not be required to file draft papers for rights issue worth up to Rs 10 crore.In a press conference on Thursday, SEBI chief also informed that enforcement action has been initiated against various entities in NSE co-location case.The watchdog has been probing the alleged lapses in high-frequency trading offered through the National Stock Exchange’s co-location facility. In the coming few days, the enforcement actions would be completed against the entities, he added.

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