Sukesh, hope you don’t mind me answering this :). My answers are in line - btw, you have numbered them wrong, you have total of 8 questions, not 7 …
It was not an OFS transaction. An OFS is made in the open market and is available for all. What happened in Infosys is a ‘Block Deal’.
Block Deals are private transactions, routed through the open market under the purview of SEBI and exchanges. DB just facilitated the transaction, they are also referred to as the book mangers in this case.
Yes, SEBI has a say and have prescribed the regulation pertaining to Block Deals.
Shares were sold on the Indian exchanges
I’m not sure who bought these shares from the promoters but I suspect they would be fund houses from across the world. They are nothing but FIIs / FPIs
6) This is a tricky question. We will never know the real reason why they sold the shares. The promoters claim they sold the shares for philanthropic activities.
This information was made public after the promoters sold the shares. Infosys has reacted to this. It cracked 5% on the day the news was made and it has cracked nearly 10% from its recent high of 2200
Yes Sir, it was indeed a tax efficient transaction!