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Investment accounting
what is the meaning of shares issued on cum-right basis?
i guess it means shares eventhough purchased in the current year shall be entitled to get the dividnd which will be announced for the previous year?
m i correct??!!?
Replies (2)
if you have heard anything about right shares then cum-right shares refer to these shares only. it means the shares purchased carry the right to purchase additional shares in case of additional issue of shares.
Ohh ...
Okk thanks :) tribhuvan
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