What is Offer for Sale – OFS & Offer from Thomas Cook (India) Ltd.

 

Offer for sale is a simple way in which promoters in public companies can sell their shares and dilute their stake in a transparent manner through the bidding platform for the exchange

The OFS segment was earlier permitted only for promoters/promoter group entities of listed companies to act as 'sellers' to dilute/sell their stake to achieve a minimum public shareholding of 25%. Can. However, this segment has now been extended to non-promoters of eligible companies holding at least 10% of the share capital of the company.

To make it easier for promoters of publicly listed companies to cut their stake and comply with minimum public shareholding. The OFS mechanism was first introduced in the market by SEBI in 2012. The offer for sale mechanism is available to the top 200 companies in terms of market capitalization.

We can get share's through OFS of Thomas Cook (India) Ltd.

The OFS will open for non-retail investors on November 30 and for retail investors on December 1