DK Limited and SK Limited amalgamated on 1st April, 2010. All the assets and liabilities of both the companies were acquired by newly established company DS Limited. The following was the balance sheet of both the companies on 1st April, 2010:

DS agreed to issued required number of equity shares of face value ₹10 each valued at ₹20 each to discharge the purchase consideration to both the amalgamating companies. Calculate purchase consideration. And identify the acquirer if IFRS 03 or Ind-AS-103 is applicable.

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Liabilities Equity shares of face value *10 each General reserve P & La/c Investment Allowance reserve Export profit reserve 12% Debentures Sundry creditor Balance Sheet as on 31st March, 2010 SK Assets 1,25,000 Land and building Plant and machinery Stock Debtors Investment Cash DK 1,50,000 37,500 25,000 12,500 1,250 75,000 25,000 3,26,250 1,00,000 12,500 2,500 2,500 1,00,000 37,500 3,80,000 DK 1,00,000 1,12,500 31,250 45,000 26,250 11,250 3,26,250 SK 80,000 1,07,500 68,750 1,00,000 13,750 10,000 3,80,000