NISM-Series IX: Merchant Banking Certification Exam Notes

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  • Open Offer: Mandatory offer to public shareholders during takeovers.
  • Trigger Points: 25% or more share acquisition requires open offer.
  • Merchant Banker Role: Advises on valuation, structuring, and compliance.
  • Public Announcement: Required for open offers, contains material facts.
  • Letter of Offer: Details offer terms, filed with SEBI and exchanges.

NISM Merchant Banking

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