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      Question

      Which of the following statements is/are correct

      regarding Initial Public Offering (IPO) in India? 1)An IPO is a process by which a company raises funds by selling its shares to the public for the first time 2)An IPO can only be done by unlisted companies in India. 3)It is a process by which a private company becomes public.
      A 1 only Correct Answer Incorrect Answer
      B 1 and 2 only Correct Answer Incorrect Answer
      C 1 and 3 only Correct Answer Incorrect Answer
      D 2 only Correct Answer Incorrect Answer
      E 1, 2 and 3 Correct Answer Incorrect Answer

      Solution

      Statement 1 is correct as an IPO is a process by which a company raises funds by selling its shares to the public for the first time. Statement 2 is incorrect as even listed companies can undertake an IPO in India to raise additional funds.

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