S Ltd. has issued and subscribed capital of 100000 equity shares of ₹10 each. The current market price per share is ₹22. H Ltd. acquires 70% of shares of S Ltd. at ₹16,00,000. The consideration is payable in cash. The fair value of identifiable net assets of S Ltd. is ₹23,50,000. Then the amount of Goodwill/Gain on bargain purchase in the Consolidated Accounts will be