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Dec 21, 2012
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Offers for sale thrive on right pricing & buoyant markets
Attractive pricing and buoyant markets have been the recipes for success of recent offers for sale (OFS) in the capital market. Twelve out of 15 secondary offers since June have been subscribed between 1.03 and seven times. The latest offer - Eros International on Thursday elicited an overwhelming response, with the issue being subscribed 4.4 times.On the other hand, the Adani Enterprise OFS has just sailed through. Sebi introduced the OFS mechanism in February this year to enable promoters of listed companies to meet the minimum public shareholding norm of 25% by June 2013.
Source -
http://economictimes.indiatimes.com
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