AB & Co. purchased assets worth ₹28,80,000 from vendor. It issued debentures of ₹100 each at a discount of 4% in full satisfaction of the purchase consideration. The number of debentures issued to vendor is:

30,000

Purchase Consideration = ₹2880000
Face value of debenture = ₹100
Discount = 4% means 100 x4/100 = ₹4
Issue price = 100- 4
                  = ₹96
No of debentures issued = Purchase consideration/issue price
                                        = 2880000/96
                                        = 30000