Composite issues

An issue of securities by a listed company on a public- cum rights basis offered through a single offer document wherein the allotment for both public and rights component of the issue is proposed to be made simultaneously.

Related Terms

Collective Investment Management Company

A company incorporated under the provisions of the Companies Act, 1956 and registered with SEBI under the SEBI ( Collective Investment Schemes) Regulations, 1999, whose object is to organise, operate and manage a Collective Investment Scheme.

Effective Sale (U.S)

A round lot transaction consummated on the floor of the New York Stock Exchange after entry of an odd-lot order by a customer. Its price is used to determine the execution price for odd-lot order after consideration of the dealers’ fee.

Open Order

An order to buy and sell a security that remains in effect until it is either cancelled by the customer or executed.

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