Friday, February 3, 2012

SEBI New Circular on Offer For Sale of Shares by Promoters through the Stock Exchange Mechanism

Securities and Exchange Board of India (SEBI) has issued new circular In order to facilitate promoters to dilute/offload their holding in listed companies in a transparent manner with wider participation, it has been decided to allow the offer for sale of shares by promoters of such companies through a separate window provided by the stock exchange(s).

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