India, Oct. 2 -- An Offer for Sale (OFS) happens when a company's promoters or major shareholders decide to sell a portion of their shares on the stock market. This is often done to comply with SEBI's minimum public shareholding requirements or to raise some funds.
It's particularly common when promoter holdings are quite high, typically over 75 percent, since SEBI mandates that companies must keep at least 25 percent of their shares in public hands. While an OFS doesn't directly impact a company's day-to-day operations, it does boost liquidity and opens the door for more investors to get involved.
1. Punjab & Sind Bank
Punjab & Sind Bank provides deposits, savings, and current accounts, along with a variety of loans for housing, auto, ...