In context with the share markets in India, public issue refers to__:

Answer: [C] allotment of shares to 50 or more investors

The primary market issuance is done either through public issues or private placement. Under  Companies Act, 1956, an issue is referred as public if it results in allotment of securities to 50  investors or more. However, when the issuer makes an  issue of securities to a select group of persons not exceeding 49 and which is neither a rights issue nor a public issue it is called a private placement.

This question is a part of GKToday's Integrated IAS General Studies Module