Calcutta High Court: ECI Not Singling Out Bengal, More Transfers in Other Poll-Bound States || Delhi High Court: Driving Licence Not Fake Solely For Not Being Converted Into a Smart Card || Delhi High Court: Writ Petition Not Maintainable Before Final Order in Court Martial Proceedings || J&K High Court Grants Relief to Lawyers Accused of Assault at Srinagar District Court Premises || Delhi HC Imposes ?5 Lakh Fine on Rakshit Shetty For Unauthorised Song Use in Bachelor Party Film || Delhi High Court Grants Huawei Partial Relief in Ongoing Income Tax Proceedings || Delhi HC Upholds Bidder Disqualification in Sri Lanka Consular Services Tender For Lack of Experience || Kerala High Court Sets Aside Order Transferring School Playground, Citing Inadequate Consideration || Delhi High Court Directs Removal of Unauthorised Vendors, Declares Nehru Place a No-Vending Zone || Kerala High Court: SHO Cannot Order Surrender of Firearms over Phone Calls Before Elections

Review of Offer for Sale of Shares through stock exchange mechanism- (Securities and Exchange Board of India) (15 Feb 2016)

MANU/SSMD/0005/2016

Capital Market

The Securities and Exchange Board of India has modified the guidelines on sale of shares through Offer for Sale mechanism in response to suggestions from both sellers and investors. Aimed at encouraging greater participation of all investors, sellers under OFS will have to notify stock exchanges of intention to sell shares by 5pm the day before the offer. Timeframe has also been set for retail and non-retail investors to ensure adequate opportunity to bid, and prevent under-subscription of shares.

Tags : OFFER FOR SALE SHARES NOTIFICATION TIMEFRAME

Share :