Gamma Ltd. issued 25,00,000 equity shares of 10 each at par. The issue was fully underwritten

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Gamma Ltd. issued 25,00,000 equity shares of ₹ 10 each at par. The issue was fully underwritten by

Alpha ---- 40%;

Beta ---- 40%;

Zeta ---- 20%. Applications were received for 24,00,000 equity shares. The marking on the applications were as:

Alpha ---- 13,00,000 shares;

Beta ---- 7,00,000 shares;

Zeta ---- 2,50,000 shares. The under-subscription of 1,00,000 shares will be taken up as:

(a) Alpha ---- 40,000; Beta ---- 40,000; Zeta ---- 20,000;

(b) Alpha ---- Nil; Beta ---- Nil; Zeta ---- 1,00,000;

(c) Alpha ---- 33,334; Beta ---- 33,333; Zeta ---- 33,333;

(d) Alpha ---- 1,00,000; Beta ---- Nil; Zeta ---- Nil;

(e) None of the above.

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