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Private placement of securities refers to the process by which a company offers its securities—such as shares or debentures—to a select group of investors rather than inviting the public at large. This method is primarily used by companies to raise capital more efficiently and with fewer regulatory formalities compared to public offerings. Under the Companies Act, ______ _________ ________ _________ ________ ___ ___ _____ _____ ____ ________ __________.
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