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

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..... Comprehensive guidelines on Offer for Sale of Shares through stock exchange mechanism were issued vide circular no CIR/MRD/DP/18/2012 dated July 18, 2012. These guidelines have been modified from time to time based on the representation/suggestion received from various stakeholders. 2. Considering that the OFS mechanism has been successfully used to divest stake by promoters and large shareho....

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.... then the seller may choose to cancel the offer, post bidding, in full (both retail and non-retail) on T day and not proceed with offer to retail investors on T+1 day. 4. Para 3.1 of circular dated August 08, 2014 and Para 11 of circular dated July 18, 2012 stand modified accordingly. All other conditions for sale of shares through OFS framework contained in the circulars CIR/MRD/DP/18/2012 dat....