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Preferential allotment

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(Querist)
20 August 2008 Whether bonus shares and shares allotted in consideration of merger to those persons who already hold shares in the company are preferentail allotments?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
20 August 2008 No. It is a form of rights allotment. They are entitled to it.
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