Calculation of purchase consideration

Nirukt Sharma (Student) (133 Points)

05 November 2014  

Existing shares

12% Preference shares of Rs. 100 each:  Rs. 150 lakhs 

Info given Peference shareholders of existing company are issued equivalent number of 15% shares at Rs. 150 each (face value Rs. 100)

I have some sort of interpretational hang up, please help :S