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When an already listed organisation makes fresh issue of securities to the public, it is known as ________.

Correct Answer: FPO

Explanation:

FPO (Follow on Public Offer) is a process by which a company, which is already listed on an exchange, issues new shares to the investors or the existing shareholders, usually the promoters. FPO is used by companies to diversify their equity base. A follow-on public offer (FPO) is also called Further Public Offer.


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