Definition of Qualified Institutional Placement
XAT 2015 · General Knowledge · Easy · General Knowledge
What is "Qualified Institutional Placement"?
- A.
An agency that helps in providing jobs to students
- B.
It is business school method of providing jobs
- C.
It is a way of starting business in the U.S
- D.
It is a way of raising money in India
- E.
None of the above
Answer
D
Explanation
Qualified Institutional Placement (QIP) is a capital-raising tool whereby a listed company can issue equity shares or convertible securities to qualified institutional buyers (QIBs) in India.
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