Define Merchant Banking and explain its functions
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In modern terms, a merchant bank is a firm or financial institution that invests equity capital directly in businesses and often provides those businesses with advisory services. ... Merchant banks mainly work with small-scale enterprises that are unable to raise funds through an initial public offering.
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In modern terms, a merchant bank is a firm or financial institution that invests equity capital directly in businesses and often provides those businesses with advisory services. ... Merchant banks mainly work with small-scale enterprises that are unable to raise funds through an initial public offering.
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