(b)
The eccentricity of $\frac{x^{2}}{16} + \frac{y^{2}}{25} = 1$ is $e_{1} = \sqrt{1 - \frac{16}{25}} = \frac{3}{5}$
$\therefore\ e_{2} = \frac{5}{3}\ \ (\because e_{1}e_{2} = 1)$
and foci of given ellipse $(0, \pm 3)$
$\therefore 2b = 3 + 3 = 6\ \Rightarrow \ b = 3\ \Rightarrow \ \ b^{2} = 9$
$\Rightarrow \ \ a^{2} = 16$
$\Rightarrow$equation of hyperbola is $\frac{x^{2}}{16} - \frac{y^{2}}{9} = - 1$
Hence, (b) is the correct answer