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ALtd. Has the following Capital structure as on 31st March 20xx. Equity Capital Rs.520 Crores. Face Value of each share Rs.10 General Reserve Rs.310 Crores Securities Premium Alc Rs. 120 Crores Profit & Loss Account Rs. 110 Crores Infrastructure Development reserve Rs. 180 Crores Loan Funds Rs.2000 Crores The Board approved a Buyback of the maximum permissible number of equity shares considering the huge surplus funds available. Market price of each share is Rs.40. In order to ensure success of Buyback, the company decided to offer an amount which is 20% over market price. Infrastructure Development Reserve has been created for statutory IT purpose. A. Find out the maximum number of shares that can be bought back in the light of the above information. (4 Marks) B. Calculate the maximum number of shares that can be bought back, where the Loan funds are i.Rs.2000 Crores i. Rs.1500 Crores iii. Rs.2500 Crores. (6 Marks)