State the activities undertaken by merchant bankers.

The various services offered by merchant bankers include: corporate counselling; project Counselling and pre-investment studies; capital re-structuring; credit syndication and project finance; issue management and underwriting; portfolio management; non-resident investment counselling and management; acceptance credit and bill-discounting; advising on mergers, amalgamations and take-overs, arranging off-shore finance; fixed deposit brokering; and relief to sick industries. Thus merchant bankers undertake the following activities: Managing of public issue of securities; Underwriting connected with the public issue management business; Managing/Advising on international offerings of debt/equity i.e. GDR, ADR, bonds and other instruments; Private placement of securities; Primary or satellite dealership of government securities; Corporate advisory services related to securities market including takeovers, acquisition and disinvestment; Stock broking; Advisory services for projects; Syndication of rupee term loans; International financial advisory services.