https://www.taxtmi.com/circulars?id=58148 SEBI expands the OFS mechanism to be available to top 200 companies by market capitalization and permits non promoter shareholders holding at least 10% to offer shares. A minimum 10% of every OFS must be reserved for retail investors (defined by an aggregate bid value cap), with cut off prices and allocations determined separately for retail and non retail categories; unutilized retail portions roll to non retail and excess retail demand at cut off is allotted proportionately. Sellers must notify exchanges on prescribed timelines, exchanges must disseminate notices immediately, and disclosed retail discounts may apply to allocation prices. en-us Fri, 08 Aug 2014 00:00:00 +0530 Mon, 10 Dec 2018 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58148 SEBI expands the OFS mechanism to be available to top 200 companies by market capitalization and permits non promoter shareholders holding at least 10% to offer shares. A minimum 10% of every OFS must be reserved for retail investors (defined by an aggregate bid value cap), with cut off prices and allocations determined separately for retail and non retail categories; unutilized retail portions roll to non retail and excess retail demand at cut off is allotted proportionately. Sellers must notify exchanges on prescribed timelines, exchanges must disseminate notices immediately, and disclosed retail discounts may apply to allocation prices. Circulars SEBI Fri, 08 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58148