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OFS FRAMEWORK
LIC's OFS discount looks tempting, but triggers don'tAnalysts hold differing views on retail investor interest in LIC's offer for sale. The government is divesting a stake to meet minimum publ...
Sebi proposes investment by REITs, InvITs in third party projects without controlling interestSebi has put forth proposals to permit REITs and InvITs to channel their investments into under-construction projects. This initiative is d...
Ardee Industries IPO Day 2: GMP at 29%; issue subscribed 3.08 times so far. Should you subscribe?On the first day of bidding, the IPO was subscribed 3.08 times, with bids received for more than 17.98 crore shares against the 5.84 crore ...
Govt mobilises Rs 31,552 crore via LIC offer for saleThe government successfully raised ₹31,552 crore through the Life Insurance Corp of India Offer for Sale. This significant mobilization inc...
IPO pipeline robust with 245 DRHPs filed with Sebi, 175 receive observations: EquirusIndia's IPO pipeline remains robust with 245 companies filing draft papers with Sebi, including 175 already cleared for launch. Strong dome...
Arunachal Pradesh Cabinet approves Rs 7,834 crore for 4 major schemes; 20% reservation for retired Agniveers in state policeArunachal Pradesh's Cabinet approved Rs 7,834 crore for four comprehensive schemes. This investment will improve roads and rural connectivi...
Instant help burn rises; TCS kicks off Q1 earningsInstant househelp startups are burning more cash to chase demand. This and more in today’s ETtech Morning Dispatch.
India has Microsoft's market. Ireland has its profitsMicrosoft's inaugural public tax report reveals a stark disconnect between its global market presence and where profits are booked. While I...
NSE flags regulatory, tech, AI, derivatives concentration risks in IPO papersThe National Stock Exchange raises a red flag regarding substantial financial and operational threats. Emerging regulatory frameworks, tech...
Startup investors cash out nearly Rs 18,000 crore after IPO lock-ins endTop global investors like SoftBank and KKR have cashed out nearly Rs 18,000 cr from new-age Indian companies post-listing. This marks a shi...
NLC India shares fall 3% as OFS worth up to Rs 1,263 crore opensThe government is set to launch an Offer for Sale (OFS) to divest up to 3% of its stake in NLC India, valued at approximately Rs 1,263 cror...
NLC India shares fall 3% as OFS worth up to Rs 1,263 crore opensNLC India shares dipped 3% as the government launched an Offer for Sale (OFS) to divest up to a 3% stake, aiming to raise Rs 1,263 crore. T...
Sebi allows OFS for units of private listed InvITs via stock exchange mechanismIndia's capital markets regulator, Sebi, has approved Offer For Sale (OFS) for private-listed Infrastructure Investment Trusts (InvITs) thr...
Non-promoter shareholders allowed to sell stake via OFS: SebiThe OFS mechanism will now be available to companies with a market capitalisation of Rs 1,000 crore and above
Interoperability among clearing corps for share sale via OFS to start from July 13“The interoperability among clearing corporations for OFS will be implemented with effect from July 13, 2020,” the BSE said in a circular.
Sebi expands OFS framework to all companies with Rs 1,000 crore and above m-capCurrently, the OFS framework is available to top 200 companies by market capitalisation.
Sebi to expand OFS framework, relax FPI investment clubbing normsThese proposals are likely to be discussed by Sebi's board at its meeting this week.
Companies garner Rs 20K crore via OFS in FY'16During 2015-16, companies garnered Rs 19,822 crore via OFS route. The government's divestment move raked in Rs 19,576 crore, according to a...
Indian companies garner Rs 77k crore by selling shares via offer for sale in 3 years; PSUs mop-up Rs 63k-croreBetween February 2012 and March 2015, 129 companies opted for OFS route to mobilise Rs 77,023 crore, while PSUs alone raked in Rs 63,576 cr...
Investors with over 10% stake may get to take the OFS routeSebi is likely to issue a circular this week on the eligibility criteria for non-promoter shareholders, framework for offering discount.