IPL 0.00% $3.03 incitec pivot limited

Ann: Equity Raising Investor Presentation, page-9

  1. 1,627 Posts.
    lightbulb Created with Sketch. 438
    The lower of the two. I dont think they can do the retail tranch at higher than the institutional tranch. So if the 5 day vwap is under $2, you get them at that -2%.
 
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