MANU/SSMD/0005/2016
Ministry : Securities and Exchange Board of India
Department/Board : Market Regulation Department
Circular No. : CIR/MRD/DP/36/2016
Date : 15.02.2016
Notification/ Circulars Referred : Circular no CIR/MRD/DP/18/2012 dated July 18, 2012 MANU/SSMD/0048/2012;CIR/MRD/DP/04/2013 dated January 25, 2013 MANU/SSMD/0013/2013;CIR/MRD/DP/17/2013 dated May 30, 2013 MANU/SSMD/0047/2013;CIR/MRD/DP/ 24 /2014 August 08, 2014 MANU/SSMD/0042/2014;CIR/MRD/DP/32 /2014 December 01, 2014 MANU/SSMD/0051/2014;Circular CIR/MRD/DP/12/2015 dated June 26, 2015 MANU/SSMD/0008/2015
Citing Reference:
Circular no CIR/MRD/DP/18/2012 dated July 18, 2012 MANU/SSMD/0048/2012 Referred
CIR/MRD/DP/04/2013 dated January 25, 2013 MANU/SSMD/0013/2013 Referred
CIR/MRD/DP/17/2013 dated May 30, 2013 MANU/SSMD/0047/2013 Referred
CIR/MRD/DP/ 24 /2014 August 08, 2014 MANU/SSMD/0042/2014 Referred
CIR/MRD/DP/32 /2014 December 01, 2014 MANU/SSMD/0051/2014 Referred
Circular CIR/MRD/DP/12/2015 dated June 26, 2015 MANU/SSMD/0008/2015 Referred
To
All Stock Exchanges
Dear Sir / Madam,
Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism
1. Comprehensive guidelines on sale of shares through Offer for Sale mechanism were issued vide circular no CIR/MRD/DP/18/2012 dated July 18, 2012. These guidelines have been modified based on the representation/suggestion received from various stakeholders from time to time.
2. In order to further streamline the process of OFS with an objective to encourage greater participation of all investors including retail investors, it........