2023 2024 EduVark > Education Discussion > General Discussion


  #1  
January 24th, 2017, 06:32 PM
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Sbi ofs

Hi buddy here I have come to get info related to SBICAP Securities Ltd (SSL) OFS (Offer for Sale), so would you plz tell me about the same??
  #2  
January 25th, 2017, 09:07 AM
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Join Date: Mar 2012
Re: Sbi ofs

SBICAP Securities Ltd (SSL) is the broking arm of the State Bank Group and a wholly owned subsidiary of SBI Capital Markets Ltd.

As you asking I am telling OFS (Offer for Sale) is a form of share sale, which facilitates the promoters of an already listed company to sell or dilute their existing shareholdings through an exchange based bidding platform.

OFS (Offer for Sale) process is quite transparent as it is done on real-time basis with a system based bidding platform and involves least amount of paperwork. The sale of shares through OFS (Offer for Sale) route takes place in a single trading day and that too, during the normal trading hours thus saves time.

Under OFS (Offer for Sale), there is no restriction on number of bids from a single buyer. You can place multiple bids under OFS. One who is investing up to Rs. 2,00,000 (cumulative or single bid) in an OFS is considered as a retail investor.


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