Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism

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....rcular no CIR/MRD/DP/18/2012 dated July 18, 2012. The OFS framework has been modified subsequently from time to time on the basis of representation/suggestion received from market participants. 2. SEBI has been taking steps to encourage retail investors to participate in the OFS. In order to enhance more retail participation in the OFS process and to simplify the bidding process for retail invest....

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....ges are advised to: 4.1. take necessary steps and put in place necessary systems for implementation of above immediately. 4.2. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision. 4.3. bring the provisions of this circular to the notice of the member brokers of the stock exchange to also to disseminate the same on their websi....