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प्रश्न
ABC Ltd. offered 60,000 shares of ₹ 10 each to the public. The public applied for 1,00,000 shares. The company made pro-rata allotment in the ratio of 3 : 2 and the remaining applications were rejected and money refunded to the applicants.
On how many shares did the company refund the application money?
पर्याय
40,000 shares
10,000 shares
30,000 shares
20,000 shares
MCQ
उत्तर
10,000 shares
Explanation:
For every 3 shares applied, company had allotted 2 shares. It means that when the company allotted 60,000 shares, the shares applied for this would have been `60,000 xx 3/2 = 90,000` shares.
No. of shares on which application money was refunded = 1,00,000 − 90,000
= 10,000 shares
shaalaa.com
Prorata Allotment of Over and Under Subscription
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