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of <h1>SEBI Updates Offer For Sale Rules: Promoters Must Announce Share Sale Intentions One Day in Advance.</h1> The circular from SEBI amends previous guidelines on the Offer For Sale (OFS) of shares by promoters through the stock exchange mechanism. It specifies that sellers must announce their intention to sell shares at least a day before the offer, maintaining the original conditions outlined in earlier circulars from July 18, 2012, and January 25, 2013. Stock exchanges are instructed to inform brokers and publish these provisions on their websites. The circular is issued under SEBI's authority to protect investors and regulate the securities market.
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