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            Understanding 'Public Issue' in SEBI Regulation 2(u): Municipal Debt Securities Offered to Public, Not Private.

            A "Public Issue" is defined under regulation 2(u) of the Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015, as an offer or invitation by an issuer to the public to subscribe to municipal debt securities, distinct from a private placement.

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