Write notes on Nominated Investor.
CS Executive · Capital Markets & Securities Laws · PYQS · December 2017
Write notes on Nominated Investor.
Answer & Explanation:
Answer 6A(ii) Nominated Investor Nominated investor plays an import role in the listing of specified securities issued on SME Exchange. Nominated investor means a qualified institutional buyer or private equity fund, who enters into an agreement with the merchant banker: to subscribe to the issue in case of under-subscription or to receive or deliver the specified securities in the market making process. to receive or deliver the specified securities in the mandatory market making process required to be done for 3 years in case of SME listing or migration of specified securities from Main Board to SME exchange.
Topics: SME Exchange
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