Read the following passage and answer the question.

MAM is renowned multiplex operator in India. It own around 500 screens in 100 properties at 90 locations in the country. Considering the fact that there is more growing trend among the people to spend more of their disposable income on entertainment, company planned to add more screen at existing locations and start at new locations also. Further, they plan to add food chain also at their locations. The company planned to float equity shares in market to raise the desired capital. The issue was fully subscribed and paid. Over the year, the sale and the profit of the company have increased tremendously and it has been declaring higher dividend and the market price of its share has increased manifolds.

The above case highlights the fulfillment of one of the prime objectives of financial management by the company. Identify the objective.

Wealth maximisation of shareholders

The correct answer is option 2- Wealth maximisation of shareholders.

The passage highlights the fulfillment of the objective "maximizing shareholder wealth".

The company floated equity shares to raise capital, which allowed it to expand operations and invest in growth opportunities. As a result, the company's sales and profits increased, dividends were higher, and the market price of its shares rose significantly. These outcomes reflect an increase in the value of the company, which aligns with the objective of maximizing the wealth of shareholders.