Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism

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..... lines on sale of shares through Offer for Sale mechanism were issued vide circular no CIR/MRD/DP/18/2012 dated July 18, 2012. The OFS framework has been modified subsequently from time to time on the basis of representation/suggestion received from market participants. 2. SEBI has been taking steps to encourage retail investors to participate in the OFS. In order to enhance more retail particip .....

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..... 2014 and CIR/MRD/DP/32 /2014 December 01, 2014 remain unchanged. 4. Stock Exchanges are advised to: 4.1. take necessary steps and put in place necessary systems for implementation of above immediately. 4.2. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision. 4.3. bring the provisions of this circular to the notice of .....

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