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Question

Under Private Placement Company sells securities to some selected institutions. From the following identify such institution.

A
LIC
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B
GIC
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C
UTI
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D
All of these
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Solution

The correct option is C All of these
A private placement is the sale of securities to a relatively small number of selected investors as a way of raising capital. Investors involved in private placements are usually large banks, mutual fund companies and insurance companies.

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