Ofs

Keystone Realtors promoters Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta plan to offload up to 45.76 lakh equity shares. The total offer size is valued at around Rs 252 crore.

Sebi close to finalising block deal norms, with higer price range and deal size

Block deal regulations are being reviewed as markets have grown and the size of block deals has gone up. The framework was first introduced in 2005 and has been reviewed periodically.

Govt plans to offload around 4% stake in NLC India via OFS this fiscal

After successful OFS in March 2024, DIPAM eyeing a second tranche, depending on market conditions

Govt invites new merchant bankers, transaction advisors for RCF, NFL OFS

Move marks revival of eight-year-pending stake sale in fertiliser PSUs; OFS could follow within a month of appointments if market conditions permit

Waaree Energies shares gain 3% after firm announces plans to sell 1.15% stake in Indosolar via OFS

Waaree Energies share price: The company, which is the sole promoter holding some stake in Indosolar, said that it is proposing to sell 4.76 lakh shares in the firm at a face value of Rs 10 apiece.

State-run Andrew Yule cited ‘glitch’, but it likely found after announcing Veedol OFS that its demat account was suspended

State-run Andrew Yule & Company's OFS for Veedol Corporation's shares was withdrawn citing a technical glitch, however, it has emerged that the demat account of the seller was in fact suspended due to some reason.

Govt 's FY26 disinvestment push likely to feature OFS in Coal India, LIC, RVNL, GRSE

After a successful Rs 5,000-crore OFS in Mazagon Dock Shipbuilders at the start of FY26, Centre lines up stake sale in more PSUs to drive non-tax revenues

DIPAM builds in-house policy model to guide FY26 disinvestment push

The new framework ties dividend policy, market trends and asset valuation to optimise stake sale decisions in CPSEs

I-T department probes unlisted share transactions, potential tax evasion in OFS deals: Report

Officials suspect investors pegged unacceptably high fair market value for the stock purchase instead of the actual outgo in order to lower capital gains and tax numbers

Bartronics India shares in focus as promoter Kinex set to sell 1.29 crore shares via OFS

The OFS will open on January 14 for non-retail investors and on January 15 for retail investors. The floor price has been set at Rs 22 per share.

Bartronics promoter Kinex to sell 6.29% stake via OFS, floor price set at Rs 22 per share

The OFS will open on January 14 for non-retail investors and on January 15 for retail investors. The floor price has been set at Rs 22.

Hindustan Zinc stock plunges 8% as govt pares stake at sharp discount via OFS

Moneycontrol had reported back in August that an OFS for Hindustan Zinc was expected before the end of FY25, following the Cabinet's 2022 approval to sell the government’s entire stake in the company.

HDFC Bank to sell up to Rs 10,000-crore shares in HDB Financial IPO; total public issue size at Rs 12,500 crore

HDB Financial Services is preparing for its public market debut, expected by the end of the current financial year. The listing is expected to unlock additional value for its parent company HDFC Bank.

Hyundai Motor India to sell 14.22 crore shares in IPO via OFS, no fresh issue; price band to be decided later

Hyundai Motor India will sell 14.22 crore in its upcoming mega IPO pegged at Rs 25,000 crore. The IPO will be entirely the sale of existing shares, and no fresh issue.

GE T&D promoter entities to sell 11.7% stake via OFS at Rs 1,400 floor price

In the event of oversubscription, the OFS has a green shoe option of 3.9 percent of the equity.

Laxmi Dental files draft papers with SEBI to raise funds via IPO

The IPO consists of a fresh issue of Rs 150 crore and an offer for sale of upto 12.83 million shares by its existing shareholders and promoters.

GIC OFS subscribed 1.08 times; Finance Ministry to exercise green shoe option

The government has launched 6.78 percent stake divestment via OFS on September 4 and 5, with a floor price of Rs 395 per share.

Government to dilute 6.78 percent stake in GIC Re for nearly Rs 4,700 crore

The floor price for the Offer for Sale is likely to be Rs 395 per share, implying roughly 6% discount to the CMP, it is learnt. At this floor price, the size of the OFS is pegged at around Rs 4,701 crore.

India Grid Trust OFS: KKR affiliate Esoteric II set to sell 17.32 percent stake

The Offer For Sale has a base offer of 9.66 percent stake with an oversubscription option of 7.66 percent, it is learnt.

Hindustan Zinc tanks 8% as OFS offering 3.2% stake at discounted price opens

Reports also stated that Hindustan Zinc is planning to issue a special dividend payout of Rs 8,000 crore to its shareholders for the current fiscal year.

TPG-backed Sai Life Sciences files draft papers with SEBI to raise funds via IPO

The OFS comprises of up to 6.45 million shares by Sai Quest Syn Pvt Ltd, up to 45.72 million shares by TPG Asia VII SF Pte, up to 6.86 million shares by HBM Pvt Equity India, among others.

Glenmark Life drops 4% on Glenmark Pharma's plans to exit via OFS

With this OFS, Glenmark Pharma will exit Glenmark Life Sciences. The floor price for the OFS sits at a 7.5 percent discount to the current market price of Glenmark Life Sciences.

Budget 2024: Govt plans to sell small stakes in Mazagon Dock, IRFC, NFL, RCF

The Union Budget will likely estimate Rs 50,000 crore as non-debt capital receipts in FY25, primarily from selling small stakes in state-run companies

Employees can bid on price discovered on T Day of offer-for-sale issues

The price is a day ahead of that which is discovered for retail investors on T+1 day

Promoter stake sales surge 93% in FY24, experts expect trend to continue

Market experts say that promoters offloading a small stake should not raise alarm bells, but if they have been paring their stake continuously over the years, then it does warrant a closer look.