According to the question ii) b), Calculation of r where Market value per share is not diluted of Longitude ltd. I solved it as per the sir’s method (attached image), found r on basis of MPS, but could not prove that Market value per share is unchanged. Am i doing it incorrectly, how can it be achieved?
Share
Do reverse calculation. Assume number of shares to be issued as x and then do the workings keeping market price as 150. You eill get value of x. Using this find the exchange ratio
Do reverse calculation. Assume number of shares to be issued as x and then do the workings keeping market price as 150. You eill get value of x. Using this find the exchange ratio