Fifteen weeks ago, Quick Ltd. listed 200 lakh equity shares of ₹10 each on Bombay Stock Exchange which is regulated by SEBI. The stock prices are stable in the range of ₹66 to ₹85 per share. Soon after listing, it was in

Fifteen weeks ago, Quick Ltd. listed 200 lakh equity shares of ₹10 each on Bombay Stock Exchange which is regulated by SEBI. The stock prices are stable in the range of ₹66 to ₹85 per share. Soon after listing, it was in need of additional funds for a new project which was not envisaged at the time of IPO and it was advised that the quickest way to raise funds at a short notice is the preferential issue route. Accordingly, the shareholders passed a resolution on 30th January, 2014 to allot 30 lakh equity shares at a price of ₹66 each to the following investors: No. of Shares Michael Jackson 5 lakh New York Investment LLP (FII) 10 lakh India Asset Management Co. Ltd. (Indian MF) 10 lakh Rohan-Sohan Works Ltd. 2 lakh In & Out Share Trading Ltd. 3 lakh All the above preferential allottees were also investors (non-promoter category) in the IPO when the shares were issued at a price of ₹90. Two of them, i.e. In & Out Share Trading Ltd. and Michael Jackson partly sold their holdings while the India Asset Management Co. Ltd. has sold off its entire holding. The average of the weekly high and low prices for the fifteen weeks prior to the relevant date is ₹76 while that of two weeks preceding the relevant date is ₹70. The company has filed its listing application with the stock exchange and it was rejected for non-compliance of the SEBI guidelines. The company filed an appeal and won the case with some additional conditionalities. On hearing the verdict, the stock price further went-up and the average of weekly high and low for twenty-six weeks from the date of listing touched a high of ₹110. In light of the above, answer the following questions: Out of three allottees who have sold their pre-preferential allotment, who are eligible and who are not eligible to receive the preferential offer as per the preferential issue guidelines ? What is the final price to be paid by all the preferential allottees ?