Following is the balance sheet of BX Ltd. as on 31 st March, 2013: I. Equity and Liabilities ₹ (i) Shareholders' Fund (a) Share capital 12% preference shares of ₹100 each fully paid-up 15,00,000 Equity shares of ₹10 each

Following is the balance sheet of BX Ltd. as on 31 st March, 2013: I. Equity and Liabilities ₹ (i) Shareholders' Fund (a) Share capital 12% preference shares of ₹100 each fully paid-up 15,00,000 Equity shares of ₹10 each fully called-up and paid-up 35,00,000 50,00,000 (b) Reserves and Surplus General reserve 11,00,000 Securities premium 9,00,000 20,00,000 (ii) Non-Current Liabilities 13% Debentures 25,00,000 (iii) Current Liabilities 15,00,000 TOTAL 1,10,00,000 II. Assets ₹ (i) Non-Current Assets (a) Fixed Assets 55,00,000 (b) Investments 25,00,000 80,00,000 (ii) Current Assets 30,00,000 TOTAL 1,10,00,000 PQR Ltd. agreed to takeover the assets and liabilities of BX Ltd. on the following terms and conditions : Discharge 13% debentures at a premium of 10% by issuing 14% debentures of PQR Ltd. Revalue fixed assets at 10% above the book value; investments at par value; current assets at a discount of 10%; and current liabilities at book value. You are required to calculate the purchase consideration as per the net assets method.