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Kovid Ltd agreed to absorb Shiva Ltd Shiva Ltd has been issued 120000 Equity Shares of ?10 which having intrinsic value of ?32 each. If intrinsic value of Kovid Ltd's equity share is ?64 each, then how many equity shares should be issued by Kovid Ltd to Shiva Ltd to meet out the purchase consideration?

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The syllabus (with weightage):
A. GAAP and Accounting Standards 20%
B. Accounting of Business Combinations & Restructuring 20%
C. Consolidated Financial Statements 20%
D. Developments in Financial Reporting 25%
E. Government Accounting in India 15%


Kovid Ltd agreed to absorb Shiva Ltd Shiva Ltd has been issued 120000 Equity Shares of ?10 which having intrinsic value of ?32 each. If intrinsic value of Kovid Ltd's equity share is ?64 each, then how many equity shares should be issued by Kovid Ltd to Shiva Ltd to meet out the purchase consideration?






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