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DoD for OFS route for disinvestments, want hike in retail quota

Last Updated: Monday, July 28, 2014, 15:12

The OFS is the most preferred route for stake sale and has evoked good response from investors and hence the government has decided to stick to it, sources said.

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

Last Updated: Monday, June 23, 2014, 18:32

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

Last Updated: Thursday, June 19, 2014, 17:33

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

Last Updated: Monday, June 16, 2014, 19:00

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.

SEBI may allow investors to sell stakes through OFS mechanism

Last Updated: Wednesday, June 04, 2014, 21:39

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.

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.