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In redemption of preference shares, if equity are issued at premium then we have to use only capital amount and can't use the premium right? Example there are 2,20,000 redeemable preference shares, and equity of rs. 50 is issued at a premium of 10% then the number of issued shares will be issued will be 4400 and not 4000 Correct me if I'm wrong

In redemption of preference shares, if equity are issued at premium then we have to use only capital amount and can't use the premium right? Example there are 2,20,000 redeemable preference shares, and equity of rs. 50 is issued at a premium of 10% then the number of issued shares will be issued will be 4400 and not 4000 Correct me if I'm wrong

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