Securities And Exchange Board Of India - Subsection
Section 2(1)(k) in Securities and Exchange Board of India (Stock Brokers) Regulations, 1992
(k)"issue" means an offer of sale or purchase of securities by any body corporate, or by any other person or group of persons on its or his or their behalf, as the case may be, to or from the public, or the holders of securities of such body corporate or person or group of persons through a merchant banker;]