Question
ABC Ltd had issued 20,000 debentures with FV of Rs.100
each, redeemable at 5% premium. Debenture holders have an option to convert 20% of redemption value of their holdings into equity shares having face value of 10 issued at a premium of 50%. If, 2500 debenture holder did not avail the conversion option, how many shares would the company have to issue?Solution
Debentures converted = 20,000 – 2500 = 17,500 Conversion value = 17500 *105 *20% = 367,500 Value of each share = 10+5% premium = Rs.15 Total number of shares required to be issued = 367500/15 = 24,500 shares
In which country is the Wimbledon tennis competition organized?
Who was the author of the book “Natyashastra”?
Kerala has signed an MoU with which of the following European countries to study state history in a better way?
Articles 14 to 18 of the Indian Constitution deal with:
Recently the Chief Minister of West Bengal, Smt Mamta Banerjee has announced how many new districts in the state to make the total of 30 districts.
At which place of Uttar Pradesh state, 'The Electronic City' is going to be established?
What was the theme for “World Milk Day” this year?
Who among the following was not the Chief Minister of Uttar Pradesh?
Which institution is primarily responsible for issuing Kisan Credit Cards?
The first Music College that was established for music education in U.P. was :
