Concor stake sale starts, stock slips below floor price

Concor stake sale starts, stock slips below floor price

The floor price of Rs 1,195 for the offer for sale (OFS) was at a discount of 2.58 percent over yesterday's closing price of Rs 1,226.65 of Concor on BSE.

InterGlobe Aviation IPO hits market; issue subscribed 33%

InterGlobe Aviation IPO hits market; issue subscribed 33%

The Rs 3,018-crore initial public offer of IndiGo's parent InterGlobe Aviation was subscribed 33 per cent till noon on the first day of the issue today.

Govt to sell 10% stake in IOC to raise Rs 9,500 crore on Monday

In the biggest disinvestment this fiscal, the government will on Monday sell a 10 percent stake in nation's largest oil firm IOC to raise about Rs 9,500 crore.

'Sebi decision on OFS not sufficient boost to PSU divestment'

'Sebi decision on OFS not sufficient boost to PSU divestment'

Market regulator Sebi's decision to allow companies disclose Offer for Sale plans two 'banking' days ahead of the issue may not help much in PSU disinvestment, a government official said.

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.

REC stake sale on Wednesday; govt to get about Rs 1,600 cr

"The offer shall take place during trading hours on a separate window of the stock exchanges and shall commence on April 8," REC said in a filing to the BSE.

CIL share sale: Sebi, exchanges put surveillance on high alert

Markets regulator Sebi and stock exchanges have put their surveillance systems on 'high alert' in view of the government's estimated Rs 24,000 crore mega share sale in Coal India on Friday.

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.

Disinvestment programme on track, schedule soon: FM

The government's Rs 43,425 crore disinvestment programme is on track and a schedule for sale of stake in state-owned firms will be announced shortly, Finance Minister Arun Jaitley said on Friday.

BSE to take 'appropriate action' on Sebi's order in NMDC case

Leading stock exchange BSE on Friday said it will take "appropriate action" in the matter of market regulator Sebi censuring the bourse for allegedly flouting norms during the offer for sale (OFS) of state-owned NMDC.

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.

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.

Govt likely to sell HZL stake via OFS; may fetch Rs 20,000 cr

The government is likely to sell its residual stake in Hindustan Zinc for an estimated Rs 20,000 crore through an Offer For Sale, and is in final stages of discussion with market regulator SEBI for changes in the OFS norms.

LIC major buyer in PSU divestment via OFS; pumps in Rs 16K cr

The OFS or auction route has yielded Rs 33,800 crore to the exchequer through stake sale in 11 companies since March 2012, beginning with oil major ONGC.

14 cos sell shares after Sebi's shareholding deadline expires

The deadline expired on June 3 and a day later Sebi initiated actions against as many as 105 non-compliant companies for failing to meet the norms.

PSU staff to get shares at 5% discount post divestment

Employees of state-owned firms will get shares at 5 percent discount after the completion of disinvestment through Offer For Sale (OFS).

Govt to sell equity to PSU staff at discount post divestment

PSU employees will now get an option to subscribe up to 5 percent of the issue size at a discount after the completion of disinvestment in the concerned state-owned company.

Govt starts NFL stake sale process; to fetch Rs 172 crore

The government plans to disinvest 7.64 percent stake, or over 3.74 crore shares, of NFL through Offer For Sale (OFS) route in the domestic market.

Four firms successfully complete share sales via OFS

Racing to meet Sebi's deadline to achieve minimum 25 percent public shareholding by June, offer for sale (OFS) issues -- worth Rs 75 crore -- of four firms, including Modern India, sailed through Friday.