What are the Functions of OTCEI
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Explanation:
The Over-The-Counter Exchange of India (OTCEI) is an Indian electronic stock exchange composed of small- and mid-cap companies. The purpose of the OTCEI is for smaller companies to raise capital, which they cannot do at the national exchanges due to
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The function of Over the Counter Exchange of India (OTCEI) are:-
- The main function is to help smaller companies to generate capital, which is not possible at the National Exchanges because of their incapability to meet the requirements.
- It delivers an opportunity to generate funds through capital market instruments which are priced relatively. The companies can mediate the issue price.
- It also stimulates transactions to be completed promptly and investors to finalize the deals in a course of a few days.
- It increases the liquidity and marketability of the shares which are traded. The two-way prices are cited regularly to deliver adequate opportunities for investors to exit.
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