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Explain the following term/concept. Further Public Offer - Secretarial Practice

Short Note

Explain the following term/concept.

Further Public Offer

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Solution

(a) Follow-on Public Offering or Further Public Offer, is the process of offering shares to the public, after the process of IPO.

(b) In FPO, the company goes for a further issue of shares to the general public with a view to diversifying its equity base. The shares are offered for sale by the company through the prospectus.

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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 3 Issue of Shares
Exercise Q.2 | Q 17 | Page 65
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