Existing promotors or financial institutions offering a part of their holding to the public investors. Since the Company is not issuing any new shares, the share capital does not change. In this case, the money paid by investors goes to the promotors/ financial institutions and not to the Company.
You may also like
The rate at which the first transaction in a security is struck after the opening of the market.
They are appointed by the lead managers to manage collection of funds in the issue. They are responsible for updates on the […]
Bid refers to the price one is willing to pay for a security.
When a seller is not in a position to deliver the securities he has sold, the buyer sends in his application for […]