NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • Shelf Prospectus: Allows multiple tranches of debt issues under one prospectus.
  • Tranche Prospectus: Details specific debt issue terms under a shelf prospectus.
  • Application Limits: SEBI sets UPI limits for retail investors in public issues.
  • Rights Issue Streamlining: SEBI simplified rights issue processes for efficiency.
  • Private Placement Benefits: Faster and less regulated than public issues.

NISM 12 Securities Markets Foundation

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