Existing shares
12% Preference shares of Rs. 100 each: Rs. 150 lakhs
Info given Peference shareholders of existing company are issued equivalent number of 15% shares at Rs. 150 each (face value Rs. 100)
I have some sort of interpretational hang up, please help :S
100000 15% pref shares of 150 each to be issued
cheers
Shyam S Gupta and Company
New Delhi
CA Inter
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Krea University
Chennai
CA
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CCI
Pro
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