The present retail investor quota in OFS is 10 per cent
The picture for representational purpose only. (Photo: DC)
New Delhi: Retail investors can now have bigger share in the PSU stake sale with the government deciding to double the quota under the Offer For Sale (OFS) route for them to 20 per cent.
“We have changed the retail investor quota in the OFS route. All future disinvestments will now have 20 per cent quota for small investors,” a senior finance ministry official said. The present retail investor quota in OFS is 10 per cent, while 30 per cent is reserved for them in the Follow on Public Offer (FPO). “The decision has been taken after consultation with Sebi. The move will increase participation of small investors in the disinvestment programme,” the official added.
( Source : PTI )
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