A company already has 4,00,000 shares, the market price of which is Rs 60 each. In order to raise additional capital of for Rs 20,00,000, it has decided to issue new shares at a subscription price of...

A company already has 4,00,000 shares, the market price of which is Rs 60 each. In order to raise additional capital of for Rs 20,00,000, it has decided to issue new shares at a subscription price of Rs 40 per share. Find out the number of new shares.