Abhimanyu wants to raise money to fund his expansion plans. He does not wish to disclose information to the open market about the same. He is aiming to sell the companyss securities directly to a limited number of sophisticated investors.
Identify the source of finance.
Identify the source of finance.
Answer & explanation
Correct answer: option 2
Entrepreneurs raise funds by selling the issues mainly to the institutional investors like: i) Unit Trust of India ii) Life Insurance Corporation of India etc.