Question
4. In September 2020, the company Happiest Minds came out with a Rs.702 crore IPO of equity shares at Rs.166 per share (assume face value
4. In September 2020, the company Happiest Minds came out with a Rs.702 crore IPO of equity shares at Rs.166 per share (assume face value Rs.10). The issue consisted an offer for sale (OFS) of 35.2 million shares by the companys Executive Chairman Ashok Soota as well as private equity investor JP Morgan CMDB II, which was completely exiting the company through this issue. The management said the funds will be used to meet immediate working capital requirements. What will be the impact of on the P&L statement, balance sheet and cash flow statement of the firm soon after the issue
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P7 Advanced Audit And Assurance Q And A 2013
Authors: ACCA Simplified
1st Edition
1492716626, 978-1492716624
