Question

Following information is available from the books of a company. 1,20,000 Equity shares of ₹ 10 each - ₹ 12,00,000; General Reserves - ₹ 3,50,000; Securities Premium - ₹ 70,000; The Company decided to buyback of 25% of the Equity share capital at ₹ 12 per share. Calculate amount paid to Equity Shareholders​

Answer 1

Answer:

1,20,000 Equity shares of ₹ 10 each - ₹ 12,00,000; General Reserves - ₹ 3,50,000; Securities Premium - ₹ 70,000; The Company decided to buyback of 25% of the Equity share capital at ₹ 12 per share