Corporate Restructuring

Paper Code: 
EMF 525
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

•To develop the perspective of financial policy as a subset of corporate strategy and to have an insight into financial decisions .

12.00
Unit I: 

Introduction to Corporate Restructuring:
Fundamental concept of corporate restructuring, different forms, motives & applications of corporate restructuring, Mergers & Acquisitions concept, Process.
 

12.00
Unit II: 

Accounting, Taxation & Legal aspects of M&A:
Accounting for Mergers and Demergers, Company Law & Competition Act for M&A, SEBI’s rules & regulations for M&A, Share Buyback guidelines, Tax implications. Calculations of exchange ratio.
 

12.00
Unit III: 

Valuation Aspects of M&A:
Fundamental and methods of valuation, Calculations of financial synergy and return, Different approaches of valuation-Comparable company & transaction analysis method, DCF, Real Option Method, Formula approach for valuation and other important methods of valuation.
 

12.00
Unit IV: 

Dimensions of Corporate Restructuring:
Corporate Restructuring & Divestiture, Financial Restructuring, Alliances & Joint Ventures, Employee Stock Ownership, Going Private & Leveraged Buyouts.
 

12.00
Unit V: 

Other Issues in Corporate Restructuring:
Due diligence for M&A, Cross Border, Mergers & Acquisitions, Funding Options for M&A, Various Case Studies in Mergers & Acquisitions.
 

 

*A minimum of one case study will be discussed per unit of the syllabi.

References: 

Text Books:

  1. P.Rajesh Kumar, Mergers & Acquisitions, Tata Mc Graw Hill, Latest Edition.
  2. Prasad Godbole, Mergers, Acquisitions and Corporate Restructuring, Vikas Publication, Latest Edition.

Suggested Readings:

  1. James J.Fred Weston, Mark L, Metchell, J. Harod Mulherin, Takeovers, Restructuring and Corporate Governance, Pearson Edition.
  2. Arzak, Value Creation from Mergers and Acquisitions, Wiley India (P) Ltd.