NISM-Series IX: Merchant Banking Certification Exam Notes

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  • Escrow Account: Holds funds for open offer obligations.
  • Due Diligence: Verify disclosures and compliance with SAST regulations.
  • Offer Price: Determined based on SEBI-specified parameters.
  • Minimum Offer Size: 26% of shares in open offer post-acquisition.
  • Withdrawal Conditions: Allowed if acquisition agreement is rescinded or SEBI permits.

NISM Merchant Banking

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