Question
Avinash Ltd needs approves to raise capital through
rights issue to its existing shareholders in the ratio of 1:2. If, the market value of the share is Rs. 220 and the company is offering one share of Rs. 160 each under rights issue, what is the value of the right offered by the company?Solution
Value of right = Market price – average value of each share including the rights share To calculate average value of share including rights Value of 2 existing shares = 2*220 = Rs.440 Value of each rights share = 1*160 = Rs.160 Value of 3 shares = 600 Average value of each share (including rights) = 600/3 = Rs.200 Thus, value of right = market value – average value = 220-200 = Rs.20
Recently Rama kant shukla has passed away He was a ___________?
- In which year was the export ban on broken rice imposed by the Indian government?
Consider the following statements about the National Food Security Act:
I. It provides for maternity benefits in the form of cash or food grains....
What type of helicopters can INS Tushil carry?
How much of India’s total gold reserve is now held domestically, as per RBI’s recent data?
Nuakhai Juhar is the harvest festival of _________.
When is Arunachal Pradesh Foundation Day celebrated?
National Bank for Agriculture and Rural Development (Nabard) has raised_______ through its social impact bond, which matures in five years, at a coupon ...
In November 2021, Oravel Stays Limited (OYO) appointed ___________ as strategic group advisor.
Reliance Jio announced that it will be landing a multi-terabit India-Asia-Xpress (IAX) undersea cable system in _________ to directly connect the countr...