A Banking co; desires to redeem 5000, 10% Debentures of ₹1000 each at par cost available sufficient divisible profits. In this case, how much amount should be transferred to Debentures redemption reserve account, as per requirement under Section 71 (4).
1
₹50,00,000
2
₹7,50,000
3
₹12,50,000
4
Zero