Question

SEBI, recently in December 2021, came out with revised guidelines for IPOs under which it has limited the use of IPO proceeds for unidentified acquisitions and general corporate purposes is limited to _______   

A 20% of amount raised
B 25% of amount raised
C 35% of amount raised
D 50% of amount raised
E IPO money cannot be used for unidentified acquisitions
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)