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Govt likely to divest remaining Balco shares via auction route

Last Updated: Wednesday, January 08, 2014, 21:49

The government is likely to sell its remaining stake in aluminium major Balco through auction route following Law Ministry's opinion that "there appears no constitutional or legal issue involved" in selling shares of the company via offer for sale (OFS) method.

PowerGrid ups 12th Plan capex by 10-15%; to sell 15% via OFS

Last Updated: Friday, August 02, 2013, 18:20

PowerGrid Corporation has decided to revise upwards its capital expenditure for the 12th Plan period (2012-17) by 10-12 percent to meet expansion plans, a top official said.

FinMin floats Cabinet note for Coal India disinvestment

Last Updated: Sunday, June 16, 2013, 13:52

The Finance Ministry has floated a draft Cabinet note for 10 percent stake sale in Coal India through the Offer For Sale (OFS) route, which could fetch around Rs 20,000 crore to the exchequer.

Nine cos offer to sell shares via OFS; six succeed

Last Updated: Monday, June 03, 2013, 19:37

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.

Jet Airways share sale via OFS under-subscribed

Last Updated: Thursday, May 30, 2013, 20:20

Jet Airways offer to sell over 43.17 lakh shares via OFS route was Thursday subscribed a little over 69 percent, enabling the carrier to raise over Rs 222 crore.

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

Last Updated: Monday, December 31, 2012, 19:04

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.

Orissa HC dismisses PILs on OCS-2006 exams

Last Updated: Friday, October 19, 2012, 21:59

OAS and OFS officers recruited in 2010 on the basis of an advertisement of 2006 heaved a sigh of relief on Friday.

SEBI tweaks norms for OFS, IPP

Last Updated: Tuesday, June 26, 2012, 20:56

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