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Book-building for FPOs to be auction based
November 10, 2009 09:58:18The Securities and Exchange Board of India (Sebi) has in its board meeting on November 9 amended regulations pertaining to listing and issue of capital and disclosure requirements (ICDR) norms.The regulator also effected changes in guidelines for follow on public offers (FPOs)."The board has decided to introduce additional method of auction-based book building in which the institutional bidders would be free to bid at any price above the floor price. However, retail individual i... Be First to give comment
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