Calculating purchase consideration in amalgamation

Rohit (CA-Final) (1485 Points)

15 September 2012  

Suppose while Calculating Purchase Consideration in Amalgamation , Shares issued come in fraction [ e.g 2,454.54 ] and Face Value is Rs.10 at Premium Rs.45 

 

then Fraction should be paid in Cash at Market Value.....

What is Market Value here ???? Is Market Value 55 ...???