Can a Company buy-back its own shares or any specified securities through negotiated deals or through any private arrangements ? Comment with methods allowed for buy-back.

As per Regulation 4 (vi) of the SEBI (Buy-back of Securities) Regulations, 2018, a company shall not buy-back its shares or other specified securities from any person through negotiated deals, whether on or off the stock exchange or through spot transactions or through any private arrangement. As per Regulation 4 (iv) of the SEBI (Buy-back of Securities) Regulations, 2018, a company may buy-back its shares or other specified securities by any one of the following methods: from the existing shareholders or other specified securities holders on a proportionate basis through the tender offer; from the open market through book-building process, stock exchange; from odd-lot holders.