Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Answer fast please in 5-10 minutes molett 227047 Oon 2 Not yet wered Marked out of 10.00 Flag Question A Ltd. has the following Capital
Answer fast please in 5-10 minutes
molett 227047 Oon 2 Not yet wered Marked out of 10.00 Flag Question A Ltd. has the following Capital structure as on 31 March 2010 Equity Capital Rs.520 Crores Face Value of each share Rs, 5 General Reserve Rs 310 Crores Securities Premium Ac Rs.120 Crores Profit & Loss Account Rs. 110 Crores Revaluation reserve Rs. 180 Crores Loan Funds Rs. 1000 Crores The Board approved a Buyback of the maximum permissible number of equity shares considering the hugo surplus funds available Market price of each share is Rs.40. In order to ensure success of Buyback, the company decided to offer an amount which is 25% over market price A. Find out the maximum number of shares that can be bought back in the light of the above information (4 Marks) 8. Calculate the maximum number of shares that can be bought back, where the Loan funds are 1.Rs.1000 Crores Il Rs.1500 Crores , Rs.2500 Crores. (6 Marks) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started