PK Ltd. issued 30,000, 12% Debentures of Rs. 100 each at 10% premium. Full amount was payable on Application. Public had applied for 40,000 Debentures, pro-rata allotment was made to applicants of 36,000 debentures. Determine the amount to be refunded at the time of allotment of Debentures.
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Shift 30/05/2023 8:30 AM - 10:30 AM
A
Rs. 10,00,000
B
Rs. 11,00,000
C
Rs. 4,00,000
D
Rs. 4,40,000
Correct Answer
Rs. 11,00,000
Detailed Explanation
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