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Follow-on-public-offer

Follow-on-...

Follow On Public Offer



Definition of Follow On Public Offer


A Follow-On-Public offering (FPO) refers to the issuance of fresh shares for subscription by the public by a company that is already listed on the stock exchange. FPOs are conducted to acquire funds for various purposes, such as mergers and acquisitions, re-payment of loans, expansion etc. In India, companies like Tata Steel and Power Grid Corporation of India have issued FPOs.


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