On March 31, 2016; the Balance Sheet of Better Feel Ltd. was as follows: Note No. ₹ I EQUITY & LIABILITIES (1) Shareholder's Fund (a) Share Capital 1 5,00,000 (b) Reserves & Surplus 2 1,10,000 (2) Non-Current Lia

On March 31, 2016; the Balance Sheet of Better Feel Ltd. was as follows: Note No. ₹ I EQUITY & LIABILITIES (1) Shareholder's Fund (a) Share Capital 1 5,00,000 (b) Reserves & Surplus 2 1,10,000 (2) Non-Current Liabilities 5% Debentures 1,00,000 (3) Current Liabilities 1,30,000 TOTAL 8,40,000 II ASSETS (1) Non-Current Assets (a) Tangible Assets 6,00,000 (b) Intangible Assets — Goodwill 40,000 (2) Current Assets 2,00,000 TOTAL 8,40,000 Note 1: Share Capital : Equity Share Capital (Shares of ₹100 each) 4,00,000 Preference Share Capital (Shares of ₹10 each) 1,00,000 Total 5,00,000 Note 2: Reserve & Surplus : Profit & Loss Account 50,000 General Reserve 40,000 Securities Premium 20,000 Total 1,10,000 On the above date, Fixed Assets were independently valued at ₹3,50,000 and the goodwill at ₹50,000. Find the Intrinsic Value of Equity Shares.