Fair Value Measurement

525 Indian Accounting Standard (Ind AS) 113 fair Value Measurement (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main principles.) Objective 1 This Ind AS: (a) defines fair Value ; (b) sets out in a single Ind AS a framework for measuring fair Value ; and (c) requires disclosures about fair Value measurements. 2 fair Value is a market-based Measurement , not an entity-specific Measurement . For some assets and liabilities, observable market transactions or market information might be available. For other assets and liabilities, observable market transactions and market information might not be available. However, the objective of a fair Value Measurement in both cases is the same to estimate the price at which an orderly transaction to sell the asset or to transfer the liability would take place between market participants at the Measurement date under current market conditions (ie an exit price at the Measurement date from the perspective of a market participant that holds the asset or owes the liability).

10 Paragraph B2 describes the overall fair value measurement approach. The asset or liability 11 A fair value measurement is for a particular asset or liability. Therefore, when measuring fair value an entity shall take into account the characteristics of the asset or liability if market participants would take those characteristics into

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