An underwriter undertakes to buy a certain number of shares or debentures irrespective of the subscr...........

Finance (Phase -I & II) Banking and Financial system in India

An underwriter undertakes to buy a certain number of shares or debentures irrespective of the subscription from the public. This type of underwriting is known as:

Sub-Underwriting

Firm Underwriting

Syndicate Underwriting

None of the above

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Explanation:

Firm underwriting is a type of underwriting in which underwriter agrees to take certain number of shares in addition to shares unsubscribed by the public.