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A target is valued at 600 crore. The buyer's share is priced at 200. Shares to issue:

A1 crore
B2 crore
C3 crore
D6 crore
Answer & Solution
Correct answer: C. 3 crore
Value paid in stock divided by the buyer's share price gives 600 / 200 = 3 crore new shares.
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