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 ....
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