The Securities and Exchange Board of India (SEBI) has decided to restore the mechanism of open-market buybacks through stock exchanges. This regulatory adjustment aims to provide Indian companies with enhanced flexibility to return surplus capital to shareholders. By recognising the changing dynamics of the Indian equity markets, SEBI's move supports more efficient capital allocation. The decision maintains necessary safeguards to protect investor interests, thereby strengthening confidence in market-driven corporate actions. This shift reflects a pragmatic approach to regulation, balancing market evolution with investor protection in India's financial ecosystem. SEBI’s decision to restore open-market buybacks through stock exchanges marks a pragmatic regulatory shift that supports efficient capital allocation.