Indian stake sales get leg up from Sebi OFS rejig
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Asia

Indian stake sales get leg up from Sebi OFS rejig

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In a boost for share sales in Indian state-owned firms, the country’s securities regulator has refined the rules for offer for sale (OFS), reducing the risks that have plagued such sell-downs in the past. Market participants lauded the move, but with stock prices still shaky, deal volumes are unlikely to rise quickly, writes John Loh.

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