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Question
Explain the following term/concept.
Further Public Offer
Short/Brief Note
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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.
shaalaa.com
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