Offer for Sale
On 26th July, 2023, the central government announced the 'Offer for Sale' (OFS) of Rail Vikas Nigam Ltd's 5.36% stake via a stock regulatory filing.
About Offer for Sale
- It is a simpler method of share sale through the exchange platform for listed companies.
- The mechanism was first introduced by India’s securities market regulator Sebi in 2012.
- Aim: To make it easier for promoters of publicly-traded companies to cut their holdings and comply with the minimum public shareholding norms by June 2013.
- In an OFS, promoters of a company will dilute their stake by selling their shares to retail investors, companies, Foreign Institutional ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Parliamentary Standing Committee’s Report on Fisheries Sector
- 2 Components of Gold Monetisation Scheme Discontinued
- 3 Changing Dynamics of India’s Remittances
- 4 10 Years of Sagarmala Programme: Powering India’s Maritime Revolution
- 5 Energy Statistics India 2025
- 6 Revised Rashtriya Gokul Mission Approved
- 7 ICRA Report on Indian Municipal Bond Market
- 8 Pashu Aushadhi Initiative
- 9 Samarth Incubation Program
- 10 Electronics Component Manufacturing Scheme
