CONSOLIDATED ACCOUNTS 437 40. Financial Instruments (Continued) Reconciliation of Level 3 fair value measurements of financial instruments measured at fair value Rupees crores Particulars Unquoted Equity investment Investment in debentures / bonds / Preference shares etc Derivatives on interest over Subsidiaries and joint ventures (Net) Compulsorily convertible preference shares Gross obligation to acquire noncontrolling interest Year Ended 31st March, 2024 Opening balance........................................................................ 108.99 68.99 28.20 (400.00) (299.19) Total gains or losses recognised: a) in profit/(loss)..................................................................... (0.25) 2.36 (13.51) (21.73) — b) in other comprehensive income........................... 0.31 — — — — Purchases, issued, sale/redemption: a) Purchases............................................................................. 10.88 210.00 — — — b) Issued....................................................................................... — — — (1,600.00) — c) Sale / Redemption.......................................................... — (15.56) — — — Exercise of put option ............................................................ — — — — 206.39 Adjustment for share of losses of joint ventures.... — (7.15) — — — Exchange differences................................................................ (0.13) — — — 10.16 Closing balance.......................................................................... 119.80 258.64 14.69 (2,021.73) (82.64) Year Ended 31st March, 2023 Opening balance........................................................................ 106.63 70.13 69.68 — (370.86) Total gains or losses recognised: a) in profit/(loss)..................................................................... (623.18) (11.56) (32.26) — 59.41 b) in other comprehensive income........................... (13.93) — — — — Purchases, issued, sale/disposal: a) Purchases............................................................................. 657.71 — — — — b) Issued....................................................................................... — — — (400.00) — c) Sale / Disposal.................................................................. (45.00) — — — 12.18 Exercise of put option.............................................................. — — 3.77 — — Adjustment for share of losses of joint ventures.... — 10.42 — — — Change in relationship during the year........................ 56.96 — — — — Reclassified as held for sale................................................ — — (12.99) — — Exchange differences................................................................ (30.20) — — — 0.08 Closing balance.......................................................................... 108.99 68.99 28.20 (400.00) (299.19)
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