Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public offer) is known as ______.

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Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public offer) is known as private placement of shares. Explanation: When a company offers its securities to a selected group of individuals or institutions, it is called the private placement of shares.

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