Offer For Sale (ofs)

Hindustan Zinc's demerger process will kick off once Centre completes its long pending divestment process, chief executive officer Arun Misra told Moneycontrol in April.

WestBridge to continue as perpetual fund to India Shelter Finance Corporation: CEO

WestBridge, holding 56% and serving as the company's promoter, won't divest in the upcoming IPO. It is subject to a 12 to 18-month regulatory lock-in, reflecting a long-term commitment as perpetual funds, says India Shelter Finance Corporation MD and CEO Rupinder Singh

Thomas Cook India announces OFS for promoter

The company plans to sell 6.8 percent of the equity capital at a floor price of Rs 125 per equity share and given an option to sell 8 percent of the company if the issue over subcribes

Govt proposes to sell up to 7% stake in HUDCO via OFS

The floor price for the offer has been fixed as Rs 79 per equity share, a regulatory filing noted.

Oyo turns cash flow positive in Q4, ends FY23 in black as it gears up to go public

Oyo, which refiled its draft red herring prospectus (DRHP) with the SEBI under the recently introduced pre-filing route in March 2023, was sitting on a cash reserve of around Rs 2,700 crore, according to the presentation.

Mankind Pharma IPO Day 2: Offer subscribed 87%, QIB portion fully booked

Mankind Pharma IPO: The issue, which is an offer for sale, is expected to fetch the pharma company's shareholders Rs 4,326.36 crore at the upper end of the price band of Rs 1,026-1,080 a share

Government plans buybacks, OFS in PSUs to meet FY23 disinvestment target: Report

The current year’s disinvestment proceeds have exceeded Rs 31,000 crore but remain below the revised target of Rs 50,000 crore. This target was lowered from the Rs 65,000 crore set in the FY23 budget.

Sterling & Wilson promoters to sell up to 5.27% stake via OFS; floor price set at Rs 270 per share

Promoter Khurshed Yazdi Daruvala to sell up to 1.58 percent stake, while Shapoorji Pallonji and Company proposes to offload 3.69 percent share

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Crompton Greaves approves sale of 6% stake in subsidiary Butterfly Gandhimathi Appliances via OFS

The offer for sale will be executed on September 20-21 with a floor price of Rs 1,370 per share, Crompton Greaves informed the stock exchanges.

Shapoorji Pallonji to offload 1.25% stake in Sterling and Wilson Renewable Energy

The Offer For Sale (OFS) shall take place on a separate window of the stock exchanges on August 12 from 9:15 am to 3:30 pm for non-retail investors.

Three points on which LIC IPO needs to be evaluated

LIC deserves to be valued cheaply than professionally-managed, well-regulated, and transparent insurers -- just like public sector enterprises, including banks 

Burger King IPO: Is the burger tasty enough for investors?

Faster operating leverage execution to help Burger King break even sooner than later

GMM Pfaudler: Is it worth a look after price correction triggered by offer for sale?

Expect another offer for sale from GMM Pfaudler in the near term as the promoter will require funds to complete the acquisition of 20 percent stake in Pfaudler Inc

Should investors bet on GIC Re’s low valuation despite weak earnings?

Though we are comfortable about GIC in the long run, stock performance will react to underwriting performance, which could be volatile and is likely to be weak in the short term

Midhani: A beneficiary of the defence opportunity, add in the weak phase

Midhani’s OFS to keep share price under pressure in the near term

'IPOs, QIP from new-age sectors to dominate interest investors in 2020'

Along with IPOs, we believe that in secondary markets along with OFS/ Blocks there will be appetite for QIPs (primary fundraise into the company).

Security and Intelligence Services look to raise Rs 778 crore via IPO: Srcs

The initial offer would comprise fresh issue of Rs 362.25 crore and an offer for sale of Rs 415 crore

BSE likely to file draft IPO prospectus early next month

Leading bourse BSE is targeting to file draft papers with capital markets regulator Sebi for its much-awaited initial public offer (IPO) by early next month.

BSE shareholders vote for listing; dilution of stake via OFS

The shareholders of BSE on June 24 voted for the proposed initial public offer (IPO) of the exchange and are expected to offload at least 10 percent stake of the total BSE's equity through offer for sale

Govt to sell 5% in Concor on March 9, to get Rs 1,165 cr

The floor price set for the offer for sale (OFS) is at a discount of 2.58 per cent over today's closing price of Rs 1,226.65 of Concor on the BSE.

Govt to issue strategic stake sale framework soon: Secy

The NTPC offer for sale (OFS) on day one was subscribed 1.8 times with non retail subscribers putting in bids for Rs 59.6 crore shares.

NTPC's rating unaffected by govt's stake sale: Moody's

NTPC's rating remains supported by its strategic importance to the Indian economy, given its position as India's largest power generation company, Moody's said in a statement.

PFC stake sale floor price at Rs 254; disinvestment on Mon

PFC would be the second PSU to be divested under the Government's disinvestment programme of the current fiscal.

Sebi to float discussion paper on reducing FPO time line

The proposal for a discussion paper also comes at a time when many public sector companies are gearing up for stake sale as part of government's ambitious disinvestment programme.