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

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....de circular no CIR/MRD/DP/18/2012 dated July 18, 2012. These guidelines have been modified based on the representation/suggestion received from various stakeholders from time to time. 2. In order to further streamline the process of OFS with an objective to encourage greater participation of all investors including retail investors, it has been decided that: a. The Seller shall notify to the st....

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.... e. In order to ensure that shares reserved for retail investors do not remain unallocated due to insufficient demand by the retail investors, the bids of non- retail investors shall be allowed to carry forward to T+1 day. f. Unsubscribed portion of the shares reserved for retail investors shall be allocated to non-retail bidders (un-allotted bidders on T day who choose to carry forward their b....

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....2012 dated July 18, 2012, CIR/MRD/DP/04/2013 dated January 25, 2013, CIR/MRD/DP/17/2013 dated May 30, 2013, CIR/MRD/DP/ 24 /2014 August 08, 2014, CIR/MRD/DP/32 /2014 December 01, 2014 and circular CIR/MRD/DP/12/2015 dated June 26, 2015 remain unchanged. 4. Stock Exchanges are advised to: 4.1. take necessary steps and put in place necessary systems for implementation of above on or before March 0....