https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Devolvement 2026-08-02T19:59:58Z Revision history for this page on the wiki MediaWiki 1.43.6 https://en.bharatpedia.org/w/index.php?title=Devolvement&diff=198755&oldid=prev 2021-04-12T06:18:21Z

<p>Alter: template type. Removed parameters. | <a href="https://en.bharatpedia.org/wiki/BP:UCB" class="extiw" title="wp:UCB">Use this bot</a>. <a href="https://en.bharatpedia.org/wiki/BP:DBUG" class="extiw" title="wp:DBUG">Report bugs</a>. | Suggested by AManWithNoPlan | <a href="/wiki/Category:CS1_maint:_ref%3Dharv" title="Category:CS1 maint: ref=harv">Category:CS1 maint: ref=harv</a> | via #UCB_Category 1573/2500</p> <p><b>New page</b></p><div>{{about|a specialist concept in banking|the more general concept for which this name is often a synonym|devolution (disambiguation)}}<br /> {{orphan|date=January 2012}}<br /> {{expert needed|1=Finance &amp; Investment|date=November 2011}}<br /> <br /> In the [[investment banking]] sector, particularly in [[India]], &#039;&#039;&#039;devolvement&#039;&#039;&#039; is a process whereby if an investment issue is undersubscribed, an [[Underwriter#Securities underwriting|underwriter]] is required to subscribe to the remaining shares. The outstanding unsubscribed amount &#039;&#039;devolves&#039;&#039; onto the underwriter.{{sfn|Subramanyam|2008|p=9&amp;ndash;4}} This is also known as &#039;&#039;&#039;hard underwriting&#039;&#039;&#039;.{{sfn|CompetitionCommission|1999|p=58}} 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.{{sfn|Subramanyam|2008|p=9&amp;ndash;4}}<br /> <br /> == Notes ==<br /> {{Reflist}}<br /> <br /> == References ==<br /> {{refbegin}}<br /> * {{cite book|title=Investment Banking: Concepts, Analyses, and Cases|first=Pratap G|last=Subramanyam|chapter=Underwriting|publisher=Tata McGraw-Hill Education|year=2008|isbn=978-0-07-065690-1|url-access=registration|url=https://archive.org/details/schoolsintransit0000tyek}}<br /> * {{citation |mode=cs1 |ref=CITEREFCompetitionCommission1999 |chapter-url=http://www.competition-commission.org.uk./rep_pub/reports/1999/fulltext/424c3.pdf|publisher=[[Competition Commission (United Kingdom)|Competition Commission]]|title=Underwriting services for share offers: A report on the Supply in the UK of underwriting services for share offers|year=1999|chapter=3. The share-issuing process |archive-url=https://web.archive.org/web/20030731063030/http://www.competition-commission.org.uk./rep_pub/reports/1999/fulltext/424c3.pdf |archive-date=2003-07-31}}<br /> {{refend}}<br /> <br /> == Further reading ==<br /> * {{cite document|url=http://investor.sebi.gov.in./faq/pubissuefaq.pdf|title=Frequently Asked Questions on Primary Market Issuances|publisher=[[Securities and Exchange Board of India]]}}<br /> <br /> [[Category:Monetary policy]]<br /> [[Category:Public finance]]<br /> [[Category:Capital markets of India]]<br /> [[Category:Investment banking]]<br /> [[Category:Underwriting]]<br /> <br /> <br /> {{finance-stub}}</div>

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