law: The Andhra Pradesh reorganization Act, 2014
  53.  Assets and liabilities of State
  
  undertakings.
  1.    The
  
  assets and liabilities relating to any commercial or industrial undertaking of
  
  the existing State of Andhra Pradesh, where such undertaking or part thereof is
  
  exclusively located in, or its operations are confined to, a local area, shall
  
  pass to the State in which that area is included on the appointed day,
  
  irrespective of the location of its headquarters: 
  Provided that where the operation of such undertaking becomes
  
  inter-State by virtue of the provisions of Part II, the assets and liabilities
  
  of-- 
  a. 
  
    the operational units of the undertaking shall be apportioned
  
  between the two successor States on location basis; and 
  b. 
  
    the headquarters of such undertaking shall be apportioned
  
  between the two successor States on the basis of population ratio.
  2.    Upon
  
  apportionment of the assets and liabilities, such assets and liabilities shall
  
  be transferred in physical form on mutual agreement or by making payment or
  
  adjustment through any other mode as may be agreed to by the successor States.