a newely founded company having valuation at valuation at rs 1,00,000 fully paid up- 9000 shares of rs 10 each (90%) and 1000 shares of rs 10 eachn(10%) held by two founders.
the company went on to raise a series of investments and in now valued at INR 100cr.
share holding pattern -for founder is now
founder 1 -45 % (approx)
founder 2- 5 % (approx)
that means the share held by them is valued at INR 50,000
can the company raise the number of shares held by the founders so that the premium value comes down and is same for all the shares.
say 4.5 cr number of shares of rs 10 each
and 45 lakhs no of shares of rs 10 each
will the founders be liable to bring more money ?
CAclubindia
