New Delhi : Making it easier to buy and sell shares, all trading members are allowed to access the internet enabled book-building platform to tap the Offer for Sale (OFS) route.
The move comes after market regulator Sebi had issued new guidelines to expand the framework of the OFS segment for sale of shares.
“The exchange has …now enabled OFS (segment) to all trading members of the exchange on iBBS (Internet Based Book Building System) of the exchange. All trading members are allowed to access this module,” BSE said in a circular.
Besides, NSE has issued detailed scheme to govern OFS of shares through the stock exchange mechanism.
The Securities and Exchange Board of India (Sebi), last month, had allowed a larger set of companies and entities, including non-promoters, to use OFS mechanism for selling shares, while providing for discount and reserved quota to retail investors.
Sebi had said that OFS mechanism would now be available to top 200 companies by market cap in any of the last four completed quarters. So far, top-100 companies were allowed to tap this fast-track route, while only promoter shareholders could sell their shares.
