A company already has 5,00,000 shares, the market price of which is Rs 60 per share. In order to raise additional capital of Rs 10,00,000, it has decided to issue new shares at a subscription price of...

A company already has 5,00,000 shares, the market price of which is Rs 60 per share. In order to raise additional capital of Rs 10,00,000, it has decided to issue new shares at a subscription price of Rs 50 per share. Find out the number of rights per new share.