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What is the role of underwrites …

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What is the role of underwrites in the capital subscription stage of public limited company?

Posted by Divanshu Dewani 5 years, 2 months ago

CBSE > Class 11 > Business Studies

1 answers

Ritika Goyal 5 years, 2 months ago

When the minimum subscription stage is not completed by any company means 90 % of shares are not bought then in such case underwriters are appointed they buy the remaining shares and are paid commission for such act

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