Read the following information carefully and answer the question.

A Limited took over assets of ₹3,00,000 and liabilities of ₹10,000 from X and co. Ltd. for an agreed purchase consideration of ₹2,70,000 to be satisfied by issue of 10% debentures of 100 each at a premium of 20%. The company also took a loan of ₹10,00,000 from Punjab National Bank and issued 10% debentures of ₹12,00,000 of 100 each as collateral security. The rate of Interest on loan is 12% p.a.

Calculate the number of Debentures issued by A Ltd. for consideration other than cash :

2,250

The correct answer is option 1- 2,250.

Issue price = Face value +Securities premium
                 = 100 + 20% of 100
                 = 100 + 20
                 = 120

No of debentures = Purchase consideration / issue price
                         = 2,70,000/120
                         = 2,250