Question

Under the newly imposed restrictions by SEBI on the placement of bids  for undertaking share buyback through the stock exchange route, a company will not be able to purchase more than ____ of the average daily trading volume of its shares in the 10 trading days preceding the day in which such purchases are made.

A 20 percent
B 23 percent
C 25 percent
D 30 percent
E None of these
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