Open Offer Pricing under SEBI Takeover Code (SAST Regulations): Understanding Regulation 8 and Fair Exit Pricing In the securities market, acquisitions and takeovers often result in a change in ownership or control of a listed company. While such transactions may create strategic opportunities for acquirers, they can significantly impact public…

Fair Valuation in Open Offers for Infrequently Traded Shares Introduction to Open Offer Pricing under the SEBI Takeover Code An open offer is one of the most significant shareholder protection mechanisms under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SAST Regulations). Whenever an acquirer crosses specified shareholding…

Basis of Issue Price in IPOs: SEBI Disclosure Requirements Explained When a company launches an Initial Public Offering (IPO), one of the most closely scrutinized aspects by investors, analysts, and regulators is the issue price of the shares being offered. Investors often ask a simple but important question: Why is…

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…