OFS | Business Upturn

Government to offload stake worth Rs 10,000 crore in Coal India via OFS: Report

Rashmi Pandey — Thu, 07 May 2026 07:47:24 +0000

The government is likely preparing an Offer for Sale (OFS) in Coal India, with plans to divest a 3–4% stake worth around ₹10,000 crore, according to a report by CNBC-TV18 citing sources.

The report said the proposed OFS could be launched soon, with the government expected to offer shares at an attractive discount to the current market price in order to boost investor participation.

As of March 31, 2026, the government held a 63.1% stake in Coal India, one of India’s largest state-run companies and the world’s biggest coal producer by output. A 3–4% divestment would help the government raise substantial funds while also increasing public shareholding in the company.

According to CNBC-TV18 sources, discussions around the timing and structure of the OFS are ongoing. However, there has been no official confirmation yet from the government or the company. The report noted that CNBC-TV18 has reached out to Coal India and the Department of Investment and Public Asset Management (DIPAM), with responses still awaited.

The development has placed Coal India shares in focus in the market, as investors assess the possible pricing and impact of the proposed stake sale. OFS transactions typically involve institutional and retail participation and are commonly used by the government for strategic divestment in public sector enterprises.

Coal India remains a key contributor to India’s energy sector, supplying coal to power plants and industries across the country. Any major government stake sale in the company is expected to attract close attention from domestic and institutional investors.

Market participants are now watching for official announcements regarding the proposed OFS, including details on pricing, timelines and the size of the final offer.

Swan Defence and Heavy Industries plans offer for sale to achieve minimum public shareholding

Business Desk — Mon, 09 Mar 2026 12:49:24 +0000

Swan Defence and Heavy Industries has received communication from promoter Hazel Infra Limited expressing intention to evaluate a proposal to sell approximately 5.01% of the company’s equity shares through an Offer for Sale (OFS) mechanism.

The potential sale aims to achieve Minimum Public Shareholding (MPS) requirements. As of 9 March 2026, the proposal remains under evaluation, with the company stating it will make further disclosures in accordance with SEBI regulations and applicable circulars upon receiving final confirmation from the promoter.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by News Desk before publication.

Grid Equipments to sell 8.38% stake in GE Vernova T&D India via OFS

Matrika Shukla — Mon, 25 Nov 2024 11:41:07 +0000

Grid Equipments Private Limited has announced the launch of an offer for sale (OFS) through the Stock Exchange Mechanism, which will involve the sale of up to 14,000,000 equity shares of GE Vernova T&D India Limited. The shares, with a face value of INR 2 each, will be offered at a floor price of INR 1,550 per share.

The offer will be open in two phases:

For Non-Retail Investors: The offer will open on November 26, 2024, at 9:15 a.m. and close on the same day at 3:30 p.m.
For Retail Investors: The offer for retail investors will open on November 27, 2024, at 9:15 a.m. and close at 3:30 p.m. on the same day.

Both offerings will take place through a separate window of the Stock Exchanges. The shares will be sold at the floor price of INR 1,550, which is set at the minimum price for the sale. The entire offer will be executed in accordance with the regulations of the Stock Exchanges and the Securities and Exchange Board of India (SEBI).

This move is expected to provide liquidity for Grid Equipments, while allowing institutional and retail investors to participate in the sale of the equity shares of GE Vernova T&D India Limited, a key player in the transmission and distribution sector.

Government to sell upto 5% stake in Cochin Shipyard via OFS, floor price at Rs 1,540

Markets Desk — Tue, 15 Oct 2024 12:12:17 +0000

The Ministry of Ports, Shipping and Waterways, Government of India, has announced an offer for sale (OFS) of equity shares in Cochin Shipyard Limited (CSL). The President of India, acting through the Ministry, plans to divest up to 5% of the total paid-up equity capital of the company, equivalent to 1.31 crore equity shares.

The base offer size includes 65,77,020 equity shares, representing 2.5% of the company’s equity. There is also an oversubscription option for an additional 2.5%, taking the total to 5%. The offer will be executed on the stock exchanges via a separate window on October 16, 2024 (for non-retail investors) and October 17, 2024 (for retail investors, employees, and un-allotted bids from non-retail investors).

The floor price for the OFS has been set at ₹1,540 per share, with no discount for retail investors. Eligible employees may apply for equity shares worth up to ₹2 lakh, with 25,000 shares reserved for them, constituting 0.19% of the offer size.

The government aims to raise substantial capital through this stake sale in Cochin Shipyard, providing investors the opportunity to invest in a prominent public sector shipbuilding and maintenance company. The allocation will be made on a price-priority basis for non-retail investors, while retail investors may bid at the cut-off price.

The offer is being managed by brokers including DAM Capital Advisors, Axis Capital, and BOB Capital Markets. The shares will be available for trading on both BSE and NSE.

Investors are required to comply with the Offer for Sale (OFS) guidelines issued by SEBI, which governs the sale of shares through stock exchange mechanisms. The settlement for non-retail investors who place bids on October 16 will take place on October 17, while settlement for bids placed by retail investors and employees on October 17 will occur on October 18.

The move is part of the government’s larger divestment plan to raise funds by reducing its stake in public sector enterprises while enhancing market participation in such companies.

This OFS allows institutional and retail investors to acquire shares in one of India’s leading shipbuilders, which plays a critical role in India’s maritime defense capabilities and commercial shipbuilding activities.

GIC RE OFS to open tomorrow, Government to sell 6.8% stake worth Rs 4,071 crore

Markets Desk — Tue, 03 Sep 2024 13:39:59 +0000

The Department of Investment and Public Asset Management (DIPAM) Secretary announced today that the government’s Offer for Sale (OFS) in General Insurance Corporation of India (GIC) will open tomorrow for non-retail investors. Retail investors and employees of GIC will have the opportunity to bid on Thursday. The government plans to divest 3.39% of its equity in GIC, with an additional 3.39% available as a green shoe option.

According to a CNBC-TV18 report citing sources, the OFS will include 5.95 crore shares, with an additional 5.95 crore shares available through the green shoe option. The floor price has been set at Rs 395 per share, which represents a 6% discount to the current market price (CMP). The total size of the OFS, including the green shoe option, is expected to be around Rs 4,701 crore.

As per the latest shareholding pattern available on the exchanges, the Government of India (Promoter) holds a 85.7% stake in the company. As per the Minimum Public Shareholding norms, a promoter cannot hold more than 75% stake in a company. GIC RE’s promoter has however never offloaded any stake in the company ever since it listed in October 2017. The OFS is largely to bring down the promoter holding as per the MPS norms prescribed by the regulators.

Aditya Birla Capital to sell 5% stake in Aditya Birla Sun Life AMC via OFS

Markets Desk — Mon, 18 Mar 2024 12:03:58 +0000

Aditya Birla Capital on Monday announced that the company will sell 4.99% stake in Aditya Birla Sun Life AMC via the offer for sale (OFS) route, the group’s mutual fund arm, to comply with the minimum public shareholding norms prescribed by the Securities and Exchange Board of India.

“Board of Directors of Aditya Birla Capital Limited, at its meeting held today on 18 March, 2024, approved the sale of shares up to 1,43,88,662 equity shares of Aditya Birla Sun Life AMC Limited (“ABSLAMC”) representing 4.99% of the issued and paid-up equity share capital of the ABSLAMC, by way of an offer for sale through stock exchange mechanism, in accordance with the applicable laws, in order to achieve minimum public shareholding of the ABSLAMC, as required under the applicable laws,” Aditya Birla Capital said in an exchange filing.

Shares of Aditya Birla Capital ended at Rs 172.90 on the NSE on Monday, while that of Aditya Birla Sun Life AMC ended at Rs 474.55 on the NSE.

Govt to sell 7% stake in NLC India via OFS starting tomorrow

Markets Desk — Wed, 06 Mar 2024 13:53:01 +0000

NLC India, a leading government-promoted company, has unveiled plans for an Offer for Sale (OFS) facilitated by its promoter, the Government of India. The OFS comprises an original size of 6.93 crore shares, equivalent to 5 percent of the company’s equity. Additionally, an option for an additional sale, known as the Green Shoe option, has been included, offering 2.77 crore shares, or 2 percent of equity.

In total, the Offer for Sale presents a substantial 9.7 crore shares, constituting 7 percent of NLC India’s equity. The floor price for this offering has been set at Rs 212 per share, indicating a discount of approximately 6.4 percent compared to the last closing price.

At the floor price, the OFS size amounts to a significant Rs 2056.4 crore. Non-retail investors are slated to participate in the offering on March 7, 2024, while retail investors will have their turn on March 11, 2024. Retail investors are entitled to a reservation of 10 percent, while mutual fund and insurance companies enjoy a reservation of 25 percent.

This strategic move by the Government of India to divest a portion of its stake in NLC India through the Offer for Sale aims to mobilize capital and enhance liquidity in the market. The offering presents an opportunity for investors to acquire shares in a prominent player in the energy sector at an attractive price point, further diversifying their investment portfolios.

SEBI introduces employee participation in share offer for sale (OFS) via stock exchange

Finance Desk — Tue, 23 Jan 2024 18:25:15 +0000

SEBI, the market regulator, has introduced a new avenue for employees to participate in the Offer for Sale (OFS) of shares, allowing bidding through the stock market mechanism in addition to the existing outside-the-exchange method.

As outlined in a circular by SEBI, a specific portion of shares must be reserved for employees, and the maximum bid amount in this category is set at Rs 5 lakh. This move aims to enhance efficiency, streamline compliance, and reduce costs. The circular specifies that promoters can now offer shares to employees in OFS through the Stock Exchange Mechanism, introducing an additional channel to the existing one.

The OFS to employees will follow the T+1 day timeline, aligning with the retail category but under a new classification named “Employee.” Promoters are required to transfer total OFS shares, including those reserved for employees, to the designated clearing corporation on T-1 day.

Employees have the flexibility to bid through the “Employee” category and other applicable categories, subject to specified limits. Each employee is eligible for the allotment of equity shares up to Rs 2 lakh. In case of undersubscription in the employee portion, the remaining portion may be allotted proportionately to employees whose bid amounts exceed Rs 2 lakh, up to a value not exceeding Rs 5 lakh.

Allotment under the “Employee” category will be based on PAN details provided by the company on T-1 day. Employees participating in the OFS are required to pay an upfront margin equivalent to 100% of the order value in cash or cash equivalents. This new initiative from SEBI aims to broaden employee participation in OFS transactions, providing a more inclusive and efficient mechanism for stock market involvement.

Bharti Hexacom IPO: Bharti Airtel greenlights subsidiary’s public offering

Finance Desk — Sat, 20 Jan 2024 14:59:54 +0000

In a significant move, Bharti Airtel’s board approved the initiation of the initial public offering (IPO) for its subsidiary, Bharti Hexacom, as disclosed in a regulatory filing on January 20. Bharti Airtel, a prominent player in India’s telecom sector, holds a 70% stake in Bharti Hexacom, while the remaining 30% is under the ownership of the Government of India.

The IPO is set to consist of an offer-for-sale (OFS) of 10 crore equity shares, each having a face value of Rs 5. This offering represents “20% of the company’s paid-up share capital.” Importantly, the offer will not involve a fresh issue of shares, and the government aims to divest its stake in Bharti Hexacom through this IPO. The 10 crore shares for sale are currently held by Telecommunications Consultants India Ltd, a central public undertaking.

The company has taken a significant step towards the IPO by filing a draft red herring prospectus (DRHP) dated January 19, 2024, with the Securities and Exchange Board of India (SEBI). This filing outlines the proposed IPO for the offer by Telecommunications Consultant India Ltd.

This development is noteworthy as it marks the first IPO move by Bharti Group since the listing of Bharti Infratel, now known as Indus Towers, in 2012. The announcement coincided with a day when Bharti Airtel’s shares demonstrated positive momentum on the stock exchanges.

The greenlight for Bharti Hexacom’s IPO signifies a strategic move by Bharti Airtel and sets the stage for a significant development in the telecom sector.

NHPC Offer for Sale (OFS) opens doors for investors

Finance Desk — Wed, 17 Jan 2024 19:48:09 +0000

The Indian government has unveiled its plan to divest a 2.5% stake in the National Hydroelectric Power Corporation (NHPC) through an Offer for Sale (OFS). With a floor price set at Rs 66 per share and an option to sell an additional 2.5% stake in case of oversubscription, the NHPC OFS presents a compelling investment opportunity.

NHPC, a prominent public sector undertaking, is renowned for operating and maintaining hydroelectric power plants across India, boasting a substantial total installed capacity of 7,071 MW, making it one of the nation’s largest hydroelectric power producers.

Scheduled to transpire on January 18 and 19, 2024, the OFS is a pivotal component of the government’s broader divestment program, designed to procure funds by selling stakes in public sector entities. Notably, NHPC’s shares closed at Rs 73.00 on the Stock Exchange . The floor price of Rs 66 per share presents a substantial discount of approximately 10% over the current market price, a move anticipated to elicit robust demand from investors.

The financial prowess of NHPC further augments investor interest. With a commendable track record of profitability, the company reported a net profit of Rs 4,239 crore in the financial year 2022-23. Moreover, NHPC has consistently rewarded its shareholders through regular dividend payouts over the past several years.

The government’s strategic move to divest a stake in NHPC via an OFS is poised to capture considerable investor attention. NHPC, backed by its robust financial performance and commitment to shareholder returns, stands as an attractive investment opportunity. This divestment aligns with the government’s broader agenda of raising funds through the sale of stakes in public sector entities, contributing to the ongoing economic trajectory.

Patanjali Foods launches OFS: Promoter will sell 9% stake at Rs1,000 per share floor price

Dixita Hazarika — Wed, 12 Jul 2023 14:16:24 +0000

Patanjali Foods, led by Baba Ramdev has launched an offer for sale (OFS) that will allow its top promoter entity Patanjali Ayurved to offload 2.53 crore shares of the company which at a floor price of ₹1,000 per share will lead to a nine per cent stake.

According to a regulatory filing by Patanjali Foods to the stock exchanges, the OFS will be executed over two days, with the offer being opened up for non-retail investors on July 13, and for the retail investors on July 14.

Patanjali Ayurved will be offloading about 2.53 crore equity shares under the OFS, which represents seven per cent stake, and in the case of oversubscription, the promoter is planning to sell an additional two per cent, leading to a nine per cent stake in total.

More updates on this matter are yet to come.

Coal India Limited (CIL) OFS likely to be launched

News Desk — Wed, 31 May 2023 13:03:39 +0000

On Thursday (June 1), an offer for sale (OFS) will be made on both the BSE and the NSE for the purpose of the Indian government selling its interest in Coal India Limited (CIL), which is India’s biggest coal miner.

It is anticipated that the size of the OFS would be close to 4,000 billion rupees.

A reduction of approximately 7 percent has been applied to the base price, which has been set at Rs 225 per share. This is in comparison to the closing price on Wednesday, which was Rs 241.2.

In addition, a conference to settle on further particulars of the Coal India OFS is now taking place at DIPAM.

According to a previous report that was published by Bloomberg in November 2022, the federal government intended to sell anywhere from a five percent to ten percent share in CIL, Hindustan Zinc, and Rashtriya Chemicals and Fertilisers (RCF) in order to stimulate growth in the stock market and increase income in the fourth quarter of the fiscal year.

The initial public offering (IPO) for Coal India was the largest one up till Paytm and LIC offered their shares. In 2010, Coal India sold 10 percent of the firm’s shares at a price of Rs 245 each, which resulted in the business gaining around Rs 15,200 crores in revenue.

The public now has a share in the PSU equal to 33.17 percent, while the Central government currently owns 66.13 percent of the company.

During trading today, shares of Coal India finished down by 1.29 percent, at a price of Rs 241.20 per. The price of the stock has increased by 23% over the last year, while it has increased by 7% when compared to the same point in the prior year.

Promoters of GR Infra announce the sale of up to 6.8% of the company

Dipankar Ray — Wed, 14 Sep 2022 14:51:42 +0000

According to a regulatory filing made by the firm on September 14, the founders of GR Infraprojects Ltd. want to sell up to 6.8 per cent of the company, or around 65 lakh shares, during an offer for sale (OFS) on September 15 and 16. Offer For Sale is a procedure which allows the promoters to reduce their holdings listed in the company openly. These promoter-sold shares are made available for direct sale to the general public via a bidding procedure.

According to GR Infra, the sellers want to sell “up to 5,704,652 equity shares, in aggregate, representing up to 5.90 per cent of the total issued and paid-up equity share capital,” and they also have the option to sell an additional “optional” 870,202 equity shares, or up to 0.90 per cent of the total, if they choose to do so. The floor price set for each equity share is Rs. 1260 and the current promoter holding stands at 86.5 per cent.

According to GR Infra, the OFS aims to reduce promoter stakes in compliance with regulatory standards. It stated that the sale is being made by the sellers “among other things to achieve the minimum public ownership of the firm” as required by the laws.