#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??
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#2
January 25th, 2017, 09:07 AM
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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. BOARD OF DIRECTORS PEOPLE Smt. Varsha Purandare Chairman PEOPLE Smt. Bharati Rao Nominee Director PEOPLE Shri M.P. Mehrotra Independent Director PEOPLE Shri H.N. Varma Independent Director PEOPLE Dr. T. T. Ram Mohan Independent Director PEOPLE Shri Prashant Kumar Nominee Director PEOPLE Shri Ashwani Bhatia Non Executive Director MANAGEMENT TEAM PEOPLE Shri Sarbeswar Lenka Managing Director PEOPLE Shri Abraham K Varkey Chief Financial Officer PEOPLE Shri Prashant Chitnis Chief Risk Officer PEOPLE Shri Karthikeyan B Head Retail PEOPLE Shri Shyam Panicker SVP & Head – IT PEOPLE Shri Sharanabasappa P. Jade Head HR PEOPLE Shri. Muralidharan Nair Head Back Office |
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