Anay Infrastructure Ltd. (AIL) wants to acquire entire business of Pranav Land Ltd. (PLL). AIL has 6,00,000 equity shares and PLL has 4,00,000 equity shares with market value of ₹60 and ₹40 respectively. Their respective

Anay Infrastructure Ltd. (AIL) wants to acquire entire business of Pranav Land Ltd. (PLL). AIL has 6,00,000 equity shares and PLL has 4,00,000 equity shares with market value of ₹60 and ₹40 respectively. Their respective EPS is ₹8 per share and ₹4.50 per share. It is proposed to give one share of AIL to the shareholders of PLL in the ratio of two shares held in PLL. Based on the above, you are required to: (ii) Show the impact on EPS for the shareholders of both the companies.