Devolvement
Template:Short description Script error: No such module "about". In the investment banking sector, particularly in India, devolvement is a process whereby if an investment issue is undersubscribed, an underwriter is required to subscribe to the remaining shares. The outstanding unsubscribed amount devolves onto the underwriter.Script error: No such module "Footnotes".Script error: No such module "Check for unknown parameters". This is also known as hard underwriting.Script error: No such module "Footnotes".Script error: No such module "Check for unknown parameters". The Securities and Exchange Board of India publishes guidelines and a recommended method of computation relating to the extent of the devolvement onto a particular underwriter in the case where there are multiple underwriters, or sub-underwriters.Script error: No such module "Footnotes".Script error: No such module "Check for unknown parameters".
Notes
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References
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Further reading
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