Example

Given below is the balance sheet of $P$ Ltd as on ${31}^{st}$ March $2023$

$\backslash$table$[[$Liabilities$,,$Assets,$],[$Share capital,,Fixed Assets,$15,00,000],[1,00,000$ of $10$ each,$10,00,000,$Current assets,$11,00,000],[$Reserves and Surplus,$6,00,000,,],[$Debentures of Rs $100$ each,$5,00,000,,],[$Sundry creditors,$3,00,000,,],[$Other current liabilities,$2,00,000,,26,00,000],[$Total$,26,00,000,$Total,$]]$

Q Ltd takes over the business of $P$ Ltd as per the following terms:

$Q$ Ltd will take over all assets and liabilities of $P$ Ltd

Shareholders of $P$ Ltd will get one share of $Q$ Ltd at $15$ per share and $5$ in cash for each share held.

Debenture holders P Ltd will be discharged at a premium of $10\%$ by issue of debentures in Q Ltd Compute the purchase consideration