2 years ago in Daily GK Current Affairs

Read the following statements carefully:

1.Markets regulator SEBI has said that allotment of shares to foreign portfolio investors (FPIs) in initial public offers would need to be verified with PANs.

2.This step is taken as a check against any breach of investment limit through multiple entities.

3.Under the rules, purchase of equity shares of each firm by a single FPI would have to be below 20% of the firm’s total issued capital.

Which of the above statements is/are true?

[A] Only 1
[B] Only 1 and 2
[C] Only 1 and 3
[D] Only 2 and 3
[E] All are correct
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Sayed badruzama
Sayed badruzama - 2 years ago

Sayed badruzama from Mumbai, India is saying All are correct is correct answer

Nazia Sayed
Nazia Sayed - 2 years ago

Nazia Sayed from Mumbai, India is saying All are correct is correct answer

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