Money Plus Ltd. manages a mutual fund. The details of the mutual fund is as follows: Value of invested securities: ₹7.5 crore Cash and cash equivalents: ₹1.5 crore Accrued income: ₹2.3 crore Short-term liabilities: ₹10 l

Calculation of Net Asset Value (NAV) per unit: Net Asset Value per unit = Net Asset value of the Scheme / Number of outstanding units Net Asset Value of the Scheme = Market value of investments + Receivables + Accrued income + Other Assets - Accrued Expenses - Other Payables - Other Liabilities Putting these values into the formula: Assets: Value of invested securities = ₹7.5 crore Cash and cash equivalents = ₹1.5 crore Accrued income = ₹2.3 crore Total Assets = ₹7.5 crore + ₹1.5 crore + ₹2.3 crore = ₹11.3 crore Liabilities: Short-term liabilities = ₹10 lakh = ₹0.1 crore Long-term liabilities = ₹1.2 crore Accrued expense = ₹5 lakh = ₹0.05 crore Total Liabilities = ₹0.1 crore + ₹1.2 crore + ₹0.05 crore = ₹1.35 crore NAV of the Scheme = ₹11.3 crore - ₹1.35 crore = ₹9.95 crore Number of units outstanding = 2 crore units NAV per unit = ₹9.95 crore / 2 crore units = ₹4.975 per unit Value of X's holding: X is holding 50,000 units. Total value of X's holding = 50,000 units × ₹4.975/unit = ₹2,48,750 Value of transaction Y will pay to X: Y proposed an offer @ 110% of the net asset value. Value of transaction = ₹2,48,750 × 110% = ₹2,73,625 Therefore, Y will pay ₹2,73,625 to X for the entire holding.