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NBCC stake sale: Institutions put in bids worth Rs 2,700 crore

NBCC stake sale: Institutions put in bids worth Rs 2,700 crore

The two-day share sale, wherein the government is offloading 15 percent of its equity, attracted bids for over 11.08 crore shares as against 7.20 crore offered to institutional investors on the first day, according to the stock exchange data.

Fund raising via OFS climbs 4 times to Rs 27,000 crore

Fund-raising through offer-for-sale (OFS) mechanism surged nearly four times to a staggering around Rs 27,000 crore in 2014-15, riding mainly on the mega share sale of Coal India (CIL).

REC share sale subscribed over 5 times, govt gets Rs 1,550 cr

The stake sale in Rural Electrification Corpn (REC) is the first in the government's disinvestment pipeline for the current fiscal.

Retail investors to get greater pie in next PSU disinvestments

Government has decided to double the quota reserved for retail investors to 20 percent for the forthcoming stake sales in bluechip companies like ONGC and Coal India.

SEBI eases OFS norms for retail investors

Easing the norms, SEBI Monday said retail investors can put in their bids at cut-off price for shares sold through the Offer for Sale (OFS) route.

Sebi to float discussion paper on reducing FPO time line

To elicit views from diverse stakeholders, capital market regulator Sebi will come out with a discussion paper on reducing the time line for follow-on public offers.

DoD to appoint law firm for PFC, REC stake sales

The disinvestment department will select one common law firm for advising on sale of five per cent stake each in PFC and REC, which could fetch around Rs 3,000 crore to the exchequer.

Exchange allows brokers to access OFS segment via internet

Making it easier to buy and sell shares, all trading members are allowed to access the internet enabled book-building platform to tap the Offer for Sale (OFS) route.

FinMin hikes retail investor quota in OFS to 20%

Under the OFS mechanism, at present a minimum of 25 percent of the shares offered are reserved for mutual funds and insurance companies.

FTIL's stake in MCX to be sold via offer for sale

India's leading commodity exchange, Multi Commodity Exchange (MCX) has been permitted to sell its 24 percent stake in Financial Technologies India Ltd (FTIL) via offer for sale.

SEBI board approves expanding framework for OFS mechanism

Retail investors will now get a 10 percent reservation in an offer for sale (OFS) by listed companies and they may also be given discounts by entities selling shares through this mechanism.

SEBI may allow investors to sell stakes through OFS mechanism

Market regulator Securities and Exchange Board of India (SEBI) Wednesday said it is considering a proposal to allow large investors of publicly listed firms to sell their stake through the offer-for-sale (OFS) mechanism.

Nine cos offer to sell shares via OFS; six succeed

As the deadline to meet minimum 25 percent public shareholding norm ends Monday, nine private companies, including Tata Communications, hit the market with offers to sell off shares worth over Rs 450 crore, with six of the issues sailing through.

‘Rs 36,253 cr raised via public equity mkts in 2012'

These offers accounted for as much as 66 percent of the total amount raised. For investors, these sales are substantially risk-free as these are from already listed companies and are at a discount to the market price, said PRIME Database.

SEBI tweaks norms for OFS, IPP

To smoothen the process of disinvestment, capital market regulator SEBI on Tuesday tweaked norms governing offer for sale (OFS) and institutional placement programme (IPP).