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SOLUTION
SOLUTION
SOLUTION
SOLUTION
SOLUTION (i)
SOLUTION (i)
From the above four amounts, the lowest one will be considered as the maximum amount of buyback. Here, Rs. 18,00,000/- is the lowest amount. That means, the company can buyback 1,50,000 equity shares worth Rs. 18,00,000/- at at offer price of Rs. 12/-. Here, Rs. 10/- will be the Face Value and Rs. 2/- will be the premium on buyback.
SOLUTION (ii)
SOLUTION (ii)
From the above four amounts, the lowest one will be considered as the maximum amount of buyback. Here, Rs. 52,50,000/- is the lowest amount. That means, the company can buyback 43,750 equity shares (52,50,000 / 120) worth Rs. 52,50,000/- at an offer price of Rs. 120/-. Here, Rs. 10/- will be the Face Value and Rs. 110/- will be the premium on buyback.
SOLUTION
SOLUTION
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