Practicing Success
A company invited applications for 50,000 equity shares of ₹10 each. Because of favorable market conditions, the issue was over-subscribed and applications for 80,000 shares were received and Pro-rata was made on all shares by the company. How many shares were given to a shareholder who applied for 2,600 shares? |
1,600 1,625 1,650 1,550 |
1,625 |
The correct answer is option 2- 1,625. Issued= 50,000 shares |