Regulator Sebi brings OFS framework 2.0, allows exit to non-promoters

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

The Securities and Exchange Board of India (Sebi) on Tuesday introduced the revised framework for share sales through offer for sale (OFS), paving the way for non-promoters to use this route. 

In a circular issued on Tuesday, the capital market regulator said the OFS mechanism would also be available to companies with a market capitalisation of Rs 1,000 crore or more. A separate window would be created for sale of shares through OFS and, under the new mechanism, aligned to the secondary market timings.

The minimum size for an OFS has been kept at Rs 25 crore. But in case