Tax Challenges in Slump Sale: Net Worth, Goodwill and Non-Compete In India’s M&A landscape, a slump sale is often viewed as one of the most practical and tax-efficient methods for transferring a business undertaking. Compared to itemized asset transfers, a slump sale enables transfer of an entire undertaking as a…

QIP Pricing Formula under SEBI ICDR Regulations: Understanding Regulation 176 for Listed Companies Raising capital through institutional investors has become one of the most efficient routes for listed companies in India. Among various fundraising mechanisms permitted under Indian securities laws, the Qualified Institutions Placement (QIP) route is widely preferred because…

Preferential Issue Pricing under Regulation 164 of SEBI ICDR Regulations Preferential allotment is one of the most widely used fundraising mechanisms available to listed companies in India. Companies frequently adopt this route to raise capital from promoters, strategic investors, private equity funds, institutional investors, or other identified investors in a…

Ultimate Guide to Valuation & Pricing Norms under SEBI Regulations for Listed Companies In India’s evolving capital markets ecosystem, valuation and pricing regulations play a critical role in maintaining investor confidence, ensuring transparency, and protecting minority shareholders. The Securities and Exchange Board of India (“SEBI”) has developed an extensive framework…

Business Transfer vs Share Transfer: Which Structure Works Better in M&A? In any merger or acquisition, the question is not just what is being acquired, but how it is being acquired. The structure of the transaction plays a decisive role in determining the overall success of the deal. In India,…

Business Transfer in India: Why, How and When to Use a Slump Sale Structure In any merger or acquisition, the question is not just what is being acquired, but how it is being acquired. The choice of transaction structure—whether through share purchase, asset acquisition, or business transfer—has far-reaching implications on…

Cash Conversion Cycle: The Hidden Driver of Valuation Introduction – The Valuation Gap Nobody Notices In valuation practice, it is common to see two companies with similar revenue, margins, and growth profiles being valued very differently. At first glance, this may appear irrational. However, the answer often lies not in…