Corporate Restructuring — Summer 2018

What do you understand by Corporate Restructuring? What are objectives behind Corporate Restructuring? Indicate FOUR activities not considered as Corporate Restructuring.

Define Acquisition & various ways to acquire over Target company. Also explain DEMERGER & its main types.

Analyze & Highlight Important features of SEBI (Securities & Exchange Board of India) Guidelines, 1998 for Buyback of Securities giving Public Announcement.

Write short notes: (i) Due Diligence (ii) Divestitures (iii) Amalgamation

Which various conditions have to be satisfied for an Amalgamation to qualify as Amalgamations by ways of Merger ?

Which conditions need to satisfied under Income Tax Act to qualify as Demerger.

Describe in detail about ESOP (Employee Stock Ownership plan) .

Assuming you are CEO of firm, Define Synergy & explain with examples various types of Synergies recognized by Efficiency theory.

Define Grounds of Compulsory listing & Voluntary Delisting ?

What is Strategic Alliance ? Explain its Characteristics, types & Reasons for Success.

What is ESCROW account? Describe Funding, Control Over, Utilization & Release, Forfeiture of Escrow account as per SEBI Guidelines/Regulations.

Assuming you are Ambassador of India in China What are Cross Border M & A? Explain various Driving forces which affects Cross Border Restructuring Deals.

Define LBO (Leveraged Buy-Out). Which 4 typical/ Classical LBO steps are Available for mobilizing Funds ?

Viswakarma Engg. Has 4,00,000 equity shares of Rs. 100, each fully paid up. Expected earning after Tax is Rs.3,40,00,000 & current P/E Ratio is 10 multiple calculate Value of the Firm.

(i) Define Joint Venture & explain characteristics of Joint Venture. (ii) Distinguish between Hostile & Friendly Acquisitions.1

(i) What are various (FIVE) concepts for valuation of Company ? (ii) Explain Discounted Cash Flow Valuation.

GTU limited paid Rs.4/- per share dividend last year. Dividend is expected to grow at 20% for First 6 yrs. & thereafter at 10% perpetually. Rate of Return required by Investor is 25%. Calculate value of Rate of Return.