1.

Guru Ltd. invited applications for issuing 5,00,000 equity shares of Rs 10. each at a premium or Rs 5 per share. Because of favourable market conditions the issue was oversubscribed and applications for 15,00,000 shares were received. Suggest the alternatives available to the Board of Directors for the allotment of shares?

Answer»

Guru Ltd. invited applications for issuing 5,00,000 equity shares of Rs 10. each at a premium or Rs 5 per share. Because of favourable market conditions the issue was oversubscribed and applications for 15,00,000 shares were received.

Suggest the alternatives available to the Board of Directors for the allotment of shares?



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