NISM-Series IX: Merchant Banking Certification Exam Notes

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  • SAST Penalties: Up to ₹25 crore or 3x profits for violations.
  • Public Shareholder Rights: Protected through open offer disclosures.
  • Takeover Documentation: Includes public announcement and letter of offer.
  • Merchant Banker’s Due Diligence: Critical for takeover success.
  • Disinvestment Definition: Sale of shares/voting rights in public sector undertakings.

NISM Merchant Banking

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