Last Updated: Sunday, August 25, 2013, 11:57
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.
Last Updated: Sunday, July 21, 2013, 12:39
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.
Last Updated: Thursday, June 20, 2013, 23:22
Employees of state-owned firms will get shares at 5 percent discount after the completion of disinvestment through Offer For Sale (OFS).
Last Updated: Wednesday, June 19, 2013, 16:33
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.
Last Updated: Sunday, June 09, 2013, 12:37
The department of disinvestment has floated a draft cabinet note for selling stake in State Trading Corp Ltd (STC) through the offer for sale (OFS) route to meet the minimum public shareholding norms of Sebi.
Last Updated: Wednesday, June 05, 2013, 14:27
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.
Last Updated: Friday, May 31, 2013, 13:43
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.
Last Updated: Thursday, May 30, 2013, 18:30
So far the companies had to announced sale of promoters share to meet the guidelines through Offer-for-Sale (OFS) mechanism at least one trading day prior to the date of sale.
Last Updated: Tuesday, May 28, 2013, 16:14
Among the firms which have started the procedure to meet the Sebi's guidelines are -- Monnet Project Developers, Aunde India, IO System, Raja Bahadur International and Digital Electronics.
Last Updated: Monday, April 22, 2013, 18:34
Unhappy with the present disinvestment procedure, a Parliamentary panel has asked the government to promote retail participation instead of selling shares of PSUs to institutions through the Offer For Sale (OFS) route.
Last Updated: Wednesday, April 03, 2013, 21:43
There is a need for simplifying the pricing mechanism in the offer-for-sale route while divesting stakes in state owned companies, Divestment Secretary Ravi Mathur said Wednesday.
Last Updated: Tuesday, March 12, 2013, 14:00
An inter-ministerial panel on Tuesday deferred government's 9.33 percent stake sale in the state- owned trading company MMTC on concerns over valuation of the company's equity.
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