OFS Norms

The government owns 75 per cent in the public sector aerospace and defence business

The OFS mechanism will also be available to companies with a market capitalisation of Rs 1,000 crore, Sebi said

Floor price fixed at Rs 680/share, an over 7% discount to Wednesday closing price

The company's Initial Public Offering (IPO) will be entirely an Offer For Sale (OFS) of 38,672,208 equity shares by promoters and investors

Among other things, the cooling-off period required between two OFSs has been reduced to as less as two weeks from 12 weeks at present

The IPO will comprise fresh issue of equity shares aggregating up to Rs 500 cr and an Offer For Sale of equity shares worth up to Rs 1,500 cr by its promoters

It is entirely an offer for sale or OFS, company won't receive any of the proceeds

The IPO comprises a fresh issue of Rs 3,750 crore, along with an offer for sale (OFS) of Rs 1959.72 crore by existing promoters and shareholders

The government's up to 10 per cent stake sale in Hindustan Copper got off to a good start on Thursday with institutional investors putting in bids of over Rs 700 crore.

Without disclosing the reason, Sebi said "issuance of observations kept in abeyance" with regard to the IPO of Gemini Edibles & Fats India according to an update on the Sebi's website as of August 20

Allotment could be low, and expected listing-day gains can quickly morph into losses if sentiment takes a turn for the worse

Unsubscribed portion of the OFS will be allotted to non-retail investors

Nearly all the brokerages retained their 'buy' calls on the stock post results with target prices as high as Rs 925

Sebi rules prescribe that promoters cannot hold more than 75 per cent in a company

In October 2020, the government had announced it would sell its 15 per cent stake in the company

The government owns a 26 per cent stake in Tata Communications

Stock market LIVE updates: The Nifty sectoral indices were mixed, with gains in Nifty Pharma and Nifty FMCG indexes, up 0.8% and 0.7%, respectively being offset by losses in Nifty Metal, down 1%

The company will launch its Rs 300-crore IPO again on December 21 in a price band of Rs 313-315 per share

The stock ended at Rs 1,452, down 10.3 per cent. Analysts said the higher than excepted paper supply by the government weighed on sentiment

The stock continues to fall, and is down over 36 per cent since September 15