Currently, the use of the OFS route is limited as present rules allow only promoters and those holding more than 10 per cent stake to avail of this mechanism. However, last week Sebi announced major modifications to the framework. Now, any shareholder can use the OFS route as long as they are selling shares worth over Rs 25 crore. Furthermore, the cooling-off period required between two OFSs has been reduced to as less as two weeks from 12 weeks at present. This will help companies sell shares in one or more tranches to ease out liquidity pressure.
What is the goal of the ASCI guidelines?
Who is the co-founder and former managing director of BharatPe who has launched a new app called ZeroPe?
What is the purpose of World Wetlands Day?
Which country ranked second in the newly developed World Cybercrime Index?
Which organization has imposed penalties on five co-operative banks for contravening regulatory norms?
When is World Pulses Day celebrated?
Which Indian state saw the inauguration of Asia's first Hyperloop test track?
Which company’s Chairman and Managing Director was ranked 9th on the Forbes 38th Annual World’s Billionaires List 2024?
Which bank has received approval from the Reserve Bank of India (RBI) to operate as a Payments Aggregator (PA)?
Which scheme was inaugurated by Union Home Minister Amit Shah for registration and payment of tur dal producing farmers?