Question

GLtd. acquired assets worth INR. 7,50,000 from H Ltd. by issue of shares of INR. 100 at a premium of 25%.
The number of shares to be issued by G Ltd. to settle the purchase consideration = ?
Select one:
O a. 6,000 shares
O b. 8,550 shares
O c. 9,375 shares
O d. 7,500 shares

Answer 1

Answer:

No. of shares will be

7,50,000/125*

= 6,000 shares

* 125 = 100 + 25% of 100

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