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Revision In OFS Guidelines

Published on Tue, Aug 12,2014 | 22:29, Updated at Tue, Aug 12 at 22:29Source : 

With a view to encourage retail participation in sale of shares through the offer for sale (OFS) mechanism, to enable all large shareholders including non-promoter shareholders to use the OFS mechanism and also to expand the kind of companies to whom the OFS option is available, presently being 100 top companies only, the Securities and Exchange Board of India (SEBI), has made certain changes to the existing OFS mechanism on 8 August 2014. OFS was introduced by SEBI in July 2012 and the mechanism was previously amended in January and May 2013. For more please read the attached report by Khaitan & Co.

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Attachments : RevisionintheGuidelinesonofferforthesaleofsharesthroughtheStockExchangeMechanismKCOERGO12Aug2014.pdf

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