KABU Enterprises Ltd. buys a building for the purpose of investment. It issues 1,00,000 equity shares of

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KABU Enterprises Ltd. buys a building for the purpose of investment. It issues 1,00,000 equity shares of its company, which are quoted on the day of the deal at Rs. 155 per share at the NSE. The brokerage payable on sale in the NSE is Re. 1 per share. The company also pays a brokerage of Rs. 2.50 lakh to the property dealer involved in the deal. The stamp duty is also incurred @ 8% of the value of the building. Determine the value of this investment property.

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