Any nonpromoter shareholder of eligible companies (top 200 companies by market capitalization) holding at least 10% of share capital may also offer shares through the OFS mechanism.
OFS platform is an order collection system. Here the buyer needs to provide with a bid. There is a floor price, decided by the company, below which the bids cannot be placed. At the end of the bidding process the shares are allocated to the bidders. In OFS transactions, Investors can only buy shares, but cannot sell shares unlike the normal market
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