Thursday, August 14, 2014

Expanding the Framework of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism

Any non-promoter shareholder of eligible companies holding at least 10% of share capital may also offer shares through the OFS mechanism subject to guidelines. Seller shall announce intention of sale of shares latest by 5 pm on T-2 day (T day being the day of the OFS) to the stock exchange. Stock exchanges shall inform the market immediately upon receipt of notice.

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