Consider the following statements about Demutualisation:

1. It is a process by which a private company is converted into a public company.

2. When management & ownership are separated it is called demutualization.

3. It is the conversion of a stock exchange into a non-profit organization.

Which of the statements given above is/are correct?

1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3

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