Maharashtra State BoardHSC Commerce 12th Board Exam
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Explain the following term/concept.Primary market - Secretarial Practice

Short Note

Explain the following term/concept.
Primary market

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Solution

In the primary market, companies sell their shares, debentures, etc. for the first time to raise fresh capital. It exclusively deals with the issue of new securities and hence, also called the new issues market. The main function of the primary market is to facilitate capital formation. The primary market is classified as the equity market and debt market.

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Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 11 Financial Market
Exercise | Q 2.8 | Page 169
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