- 05/27/2019 at 5:35 pm #1005795EduGorillaKeymasterSelect Question Language :
Direction: Read the following and answer the questions that follow:
Indian firms mobilized more than Rs 58,000 crore by issuing shares to institutional investors during the April-January period of the current financial year, over 12-fold rise from the year-ago period. In comparison, they had mopped-up Rs 4,664 crore in the corresponding period of 2016-17. The capital garnered by the listed companies through the Qualified Institutional Placement route stood at Rs 58,520 crore in the first 10 months of 2017-18, as per the latest data available with the Securities and Exchange Board of India.
It was also nearly seven times the total amount raised in the entire 2016-17, which stood at Rs 8,464 crore. The funds have been mobilised for business expansion, refinancing of debt, working capital requirements and other general corporate purposes.
Which of the following statements is/are true?
I. Nifty is a benchmark index of Bombay Stock Exchange.
II. Dividend is always announced on the market value.
III. QIP is a process which was introduced by SEBI so as to enable the listed companies to raise finance through the issue of securities to qualified institutional buyers (QIBs).
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