Sebi’s new OFS norms come into play for firms with over Rs 10-bn m-cap





Business Standard

Companies with market capitalisation of more than Rs 10 billion can use the OFS mechanism to offload shares



BS Reporter  | 
New Delhi 




Sebi


Representative image



The new norms regarding offer for sale (OFS) of shares has come into effect. regulator (SEBI) on Friday issued a detailed circular regarding new


Under the new framework, companies with of more than Rs 10 billion can use the to offload shares. Earlier only top 200 companies were to sell stakes through OFS route, now with the new norms, more than 700 companies will be able to sell shares through the


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Further, as per the new rules the selling company has to cancel the offer if it fails to get sufficient demand from non-retail investors at or above the floor price on the transaction day.



First Published: Sat, December 29 2018. 02:55 IST






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