18. When an underwriter agrees to
purchase a certain number of shares
irrespective of number of shares
subscribed by the public, it is called as
Answers
Answer:
When an underwriter, enters into an agreement with the Company, to purchase certain number of shares or debentures, irrespective of the public subscription, in addition to the open writing, is known as firm underwriting.
follow meh!!
Answer:
Securities underwriting is the process by which investment banks raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt capital). ... This is a way of distributing a newly issued security, such as stocks or bonds, to investors.
Explanation:
When an underwriter, enters into an agreement with the Company, to purchase certain number of shares or debentures, irrespective of the public subscription, in addition to the open writing, is known as firm underwriting.