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.

Initial public offer Private placement Rights issue Offer to employees

Private placement

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.