amalgamation

Hi There is a question in which capital redemption reserve & dividend equalization reserve is given

it says that the preference share holders are issued 10% new preference shares in such quantity so as to maintain their dividend

the value is as below:

preference share capital - 50000

capital redemtion reserve - 30000

dividend equalization fund - 10000

proposed dividend - 15000

there is also equity share capital of rs 150000 & the value per share is 10

so what will be amount which will be given to preference share holders as per scheme of amalgamation.

Replies (1)

Hi Vijay,

please provide the composition of proposed dividend into equity and preference. If it is not available, u can provide the dividend % of existing preference share capital...

 

Regards,

Manoj

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