NISM-Series IX: Merchant Banking Certification Exam Notes

Page 73 Of 79

Go to:

  • Buyback Restriction: Not allowed for delisting purposes.
  • Merchant Banker in Buyback: Ensures compliance, public announcement, and due diligence.
  • Public Announcement Contents: Include buyback price, method, and disclosures.
  • Letter of Offer: Filed with SEBI, contains detailed disclosures.
  • Escrow Account for Buyback: Holds funds for buyback obligations.

NISM Merchant Banking

MODELEXAM MODELEXAM®