NISM PMS Distributors ( NISM 21A ) Certification Exam Notes
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Securities Markets: Facilitate issuance, purchase, and transfer of securities among investors.
Primary Market: Where securities are issued directly by issuers to investors.
Secondary Market: Enables trading of securities among investors after issuance.
Private Placement: Issuance of securities to a select group, not exceeding 200 persons.
Preferential Issue: Issuance of shares to select persons by listed companies.
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