n NISM Certifications
X NISM Series X
Medium

In which primary market issue are securities issued to select investors of an unlisted company?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Offer for sale

  2. B

    Preferential issue

  3. Private placement

    Correct answer

  4. D

    Qualified Institutional Placement

Why this is the answer

Private placement involves issuing securities directly to select institutional or high-net-worth investors, bypassing public offering.

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