Moneycontrol
May 30, 2013 08:52 AM IST | Source: Moneycontrol.com

9 cos to launch OFS on May 30: Which one will you buy?

Until now, there have been about 44 OFS, eight institutional placement programme (IPPs) and a few bonus issues by Indian firms to pare promoter holdings.

9 cos to launch OFS on May 30: Which one will you buy?

Moneycontrol Bureau


Altogether nine companies are selling their shares through offer-for-sale (OFS) route on May 30. As per market regulator Securities and Exchange Board of India's (Sebi) minimum public shareholding norms, all private sector listed companies need to have at least 25 percent public shareholding and promoters have been asked to lower their stake to 75 percent or below by June, 2013.


Until now, there have been about 44 OFS, eight institutional placement programme (IPPs) and a few bonus issues by Indian firms to pare promoter holdings.


So, here are the nine companies that are launching OFS on May 30.


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Adani Enterprises Offer size – 1.60 crore


Advance Lifestyle Offer size – 1.29 lakh


Essar Ports Offer size- 2.26 crore


Essar Shipping Offer size – 1.78 crore


Jet Airways promoter Tailwinds Offer size- 43.2 lakh


Novartis India Offer size -4.54 lakh


RDB Realty & Infrastructure Offer size- 7.20 lakh


Saint-Gobain Offer size- 98 lakh


Tata Teleservices (Maharashtra) Ltd Offer size- 3.5 crore


(With inputs from PTI)

Nasrin Sultana
Nasrin.sultana@network18online.com

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