FORTUNE PHARMA LTD is searching options to raise Rs. 4000 crores from the primary market for
diversification and modernisation of existing projects and to conduct research on discovery of vaccine for
COVID-19. It hired the services of a renowned financial consultancy firm, FINANCE MADE EASY LTD. for
suggesting options for the same. FINANCE MADE EASY LTD suggested a list of options to the Board of
Directors of the company. It was decided that for the immediate requirement of Rs.300 crores the company
will give a privilege to existing shareholders to subscribe to a new issue of shares according to the terms and
conditions of the company. Rs.900 crores would be raised by allotment of securities to a consortium of
financial institutions, instead of inviting subscription from the public by making a direct appeal to investors to
raise capital. It was further decided to raise capital to the tune of Rs.1200 crores through an issuing house. All
these options were accepted by the Board of Directors. The Board further decided to raise Rs.1600 crores
through the on-line system of the stock exchange by entering into an agreement with the exchange.
13 Identify the method of floatation of new issues in the primary market, not taken up by FORTUNE
PHARMA LTD
A. Offer for sale
B. Rights issue
C. e-IPO
D. Offer through prospectus
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