SEBI, the Securities and Exchange board of India has permitted the company promoters to auction their stake to shareholders. This new method is an alternative to that of shares selling in the public offering. It also endorsed that modification in the norms administrating buyback share from funders/promoters to meet up the asset target sales of Rs.40, 000 cores for the financial year that ends in March.

Initiating the fund raising added methods, offer for Sale of Shares and IPP (Institutional Placement Programme) by means of the stock exchange in order to fulfill with the least public shareholding conditions.

SEBI says these offer are available only to the QIBs (Qualified Institutional Buyers). There will be a 25% minimum reservation for insurance companies and mutual funds. It said that the issuer must declare an indicative price band or floor price minimum one day before the offer opening.