The Securities and Exchange Board of India on 23rd July 2020 has allowed offer for sale (OFS) and rights entitlement transactions during the trading window closure period. As per norms, listed companies have to use the trading window to monitor transactions, to prevent insider trading.
In a circular, Sebi has stated that the “Trading window restrictions shall not apply in respect of OFS and RE (rights entitlement) transactions carried out in accordance with the framework specified by the Board from time to time.”
Click here to read the notification.
