Question

0.19 karnatka Bank has decided to come out with shares in the ratio of 1:2 for its special issue. At the meeting of the board of directors it has been decided to offers shares at a special discounted rate to its existing shareholders in proportion of their current holding, i.e., one share for every two shares held by the existing shareholder. The private bank indicated the date and the price of the issue will be fixed later Appropriation of reserves was the reason cited by the Bank for the special issue of shares. On the basis of the given information about Karnataka Bank, identity and explain the method of floating adopted by the company for raising funds​

Answer 1

Answer:

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