India Plans to Bring Back Open Market Buybacks After Selloff

India’s securities regulator is proposing to allow companies undertake share buybacks via the open market, addressing investor demand to provide support to local stocks that are hovering near one-year lows, hurt by the war in the Middle East.

Companies will be allowed to buy their shares directly on the stock exchanges through a dedicated window, the Securities and Exchange Board of India said in a discussion paper released on Thursday. The regulator has sought public comments by April 23.