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What is Follow-on Public Offer (FPO)?

Follow-on Public Offer (FPO) is an exercise in which additional equity shares are issued to investors by a company already listed on an exchange.

The recent such announcement was made by ONGC and FPO was initially shelved and thereafter due to aggressive pricing the FPO was saved by LIC by subscribing the balance portion to save govt from being embarrassed.

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FPO India, FPO meaning, FPO definition, FPO mark, meaning of FPO, address, ongc fpo, fpo acronyms

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