calculate % of share held(stake) by Holding company

This query is : Resolved

CA Abhishek Singh (Querist)
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03 February 2011 "s" ltd balance sheet as on 31.12.2003
liabilities
160000 equity shares of
Rs. 10 each Rs. 160000/-

"H" ltd balance sheet as on 31.12.03
assets
investments
8000 shares in "s" Ltd
at cost Rs. 260000/-

Adjustment:
on 02/01/2003 "s" issued 1bonus shares for every 1 shares held.

shakuntala chhangani

shakuntala chhangani (Expert)
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07 February 2011 Hi Abhishek, from the above information it looks like H Ltd. has not considered bonus shares issued by S Ltd. in its books. So considering the same, after bonus issue (1:1) the no. of shares held by H Ltd. will become 16,000 (80%) out of total shares of S Ltd.
Regards, CA Shakuntala Chhanagni