Rights Issue

Karthick A

Yes it is correct. As on June 20, there will be 5 lakhs Eq shares (4 lakhs existing + 1 lakh bonus shares) Company issued shares at the rate of 2 for every 5 shares = 5 lakhs/5 x 2 = 2 Lakhs Rights shares Issue price = Rs. 12 [2 lakhs x 12 = 24 Lakhs] Face Value = Rs. 10 [2 lakhs x 10 = 20 Lakhs] Premium = Rs. 2 [2 lakhs x 2 = 4 Lakhs]

Thread Starter

Thank you !