Rule 144A :
This rule provide for raising capital through private placement of ADR’s with large
institutional investors called qualified institutional bodies (QIB’s). Such issues operate at
level 1 status and do not require disclosures or fulfillment of GAAP standards. The ADR’s
are sold on private placement basis. They cannot be listed on stock exchanges and they
are traded only on OTC basis. The institutions qualifying under this rule are expected to
have adequate expertise in assessing international investment risks. They do not require
any detailed disclosures or clearances.

The following two tabs change content below.
MT UVA- University, Vocational and Affiliated Education for BMS

Leave a reply

Your email address will not be published. Required fields are marked *


* is aimed at revolutionising Bachelors in Management Studies education, also known as BMS for students appearing for BMS exams across all states of India. We provide free study material, 100s of tutorials with worked examples, past papers, tips, tricks for BMS exams, we are creating a digital learning library.

Disclaimer: We are not affiliated with any university or government body in anyway.

©2020 BMS - Bachelor of Management Studies Community 

A Management Paradise Venture

Ask Us On WhatsApp

Log in with your credentials


Forgot your details?


Create Account