Sebi clarifies off-market sale of unlisted shares to up to 200 buyers not a public issue
Sebi share sale rules
Covered by 3 sources
- Economic Times·2h agoIDBI's unlisted share sales not a public issue: Sebi
Sebi has clarified that IDBI Bank can sell unlisted shares privately. These transactions will not be considered public issues by the regulator. This clarification allows for privately negotiated deals with identified buyers. IDBI Bank sought this guidance for its holdings in…
Read at Economic Times → - Deccan Chronicle Ent·11h agoOff-Market Sale of Unlisted Shares to 200 Buyers Isn't a Public Issue: SEBI
The regulator further clarified that contractual rights such as the right of first refusal (ROFR) available to company promoters can be honoured while carrying out such share transfers.
Read at Deccan Chronicle Ent → - ET Markets·13h agoSebi clarifies off-market sale of unlisted shares to up to 200 buyers not a public issue
Sebi has stated that off-market transactions involving share sales are distinct from public issues, particularly when current shareholders opt to sell unlisted equity shares privately. A limit of two hundred purchasers per financial year must be adhered to. This clarification…
Read at ET Markets →
