Poorvi Ltd. has allotted 18000 equity shares to the applicants of 25200 equity shares on pro-rata…
The allotment proportion is \(\frac{18,000}{25,200}\) \(=\frac{5}{7}\). Aarvi therefore receives \(756\times\frac{5}{7}=540\) equity shares.
Choose your answer
Poorvi Ltd. has allotted 18000 equity shares to the applicants of 25200 equity shares on pro-rata basis. Application money on another 10800 equity shares was refunded. The amount payable on the application was ₹ 50 per share. Aarvi applied for 756 equity shares. The number of shares allotted to Aarvi will be :
Answer and explanation
Correct answer C
The allotment proportion is . Aarvi therefore receives equity shares.
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Madhya Pradesh SET (MP SET)