National Stock Exchange revised scheme on Offer for Sale through Exchange Platform

Jan 28, 2019 | by Avantis RegTech Legal Research Team


On January 18, 2019, the National Stock Exchange (NSE) has passed a circular providing the guidelines and scheme for the use of Offer for Sale (OFS) of shares. With reference to the circular passed by Securities and Exchange Board of India (SEBI) on December 28, 2018 on “Review of OFS of shares through Stock Exchange Mechanism ”, this Circular provides terms, conditions and requirements for the use for sale in a transparent manner. Every trading members and the issuers are required to follow the revised guidelines of this Circular.

 

[Circular no. NSE/ CMTR /39979]

 

URL: https://www.nseindia.com/circulars/circular.htm

 


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