DXK Limited was acquired by KXD Limited for which KXD agrees to issue 50,000 equity shares of

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DXK Limited was acquired by KXD Limited for which KXD agrees to issue 50,000 equity shares of face value ₹10 each having market price ₹23 per share on the stock exchange, apart from this KXD paid ₹2 per share for every equity share of DXK. DXK has total 70,000 equity shares of ₹10 each. Calculate purchase consideration paid by KXD.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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