Issuing of Securities under Privatisation Programmes
OFS-4.3.11
For any state owned entity, or government owned company planning to issue
shares to the public, it must either be made as a public offering, orinitial offer for sale ofsecurities , as the case may be, and is subject to the abovementioned requirements provided for public offering as per Paragraph OFS-4.3.2 unless otherwise exempted by the CBB under Section OFS-1.13.January 2014