Coming soon
International Joint Ventures, Mergers and Acquisitions
Course Objectives:
• Understanding conceptual framework of corporate restructuring
• Identifying Value drivers and difficulties encountered in Mergers and Acquisitions
• Assessing need and process of due diligence and different methods for valuation
• Analyzing post-merger growth strategies and need for integration in Cross border Acquisitions
• Observing legal provisions for merging entities
Course Outcomes (COs):
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Learning outcomes (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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CO 378: Understanding conceptual framework of corporate restructuring CO 379: Identifying Value drivers and difficulties encountered in Mergers and Acquisitions CO 380: Assessing need and process of due diligence and different methods for valuation CO 381: Analyzing post-merger growth strategies and need for integration in Cross border Acquisitions CO 382: Observing legal provisions for merging entities
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Approach in teaching: Power point presentations Case discussions Group Discussions Brainstorming, Reading Assignments
Learning activities for the students: Self-learning assignments, Chart Preparation, PPTs, Group Discussions
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Formative Assessment through group discussion, quiz, presentations, Analogy Prompt, Padlet, Kahoot Exit tickets, Class tests Summative assessment through Quiz, Semester end examination, Assignments, Presentation, Individual and group projects |
Corporate Restructuring: Concept, Reasons for restructuring, Barriers to restructuring, Types of Corporate Restructuring, Implications of Corporate restructuring
Joint Ventures and Strategic Alliances: Concept & Meaning of Joint Ventures and Strategic Alliances, Need & Types of Joint Ventures and Strategic Alliances, Structures & Problems faced in Joint Ventures and Strategic Alliance.
Mergers and Acquisitions: Concept of mergers and acquisitions, genesis of mergers and acquisitions, classification of mergers, types of acquisitions, Tools for Analysis, Process of Mergers and Acquisitions, reasons for failure of Mergers and Acquisitions, Financing Mergers and Acquisitions, Earn-outs, Reverse Merger
Due Diligence: Concept and Need of Due Diligence, Process of Due Diligence, Types of Due Diligence.
Valuation: Concept, Methods of Valuation, Factors affecting valuation basics, methods of valuation, cash flow approaches, economic value added (EVA), sensitivity analysis, valuation under takeover regulation, valuation for slump sale, cost-benefit analysis and swap ratio determination
Cross-border Mergers and Acquisitions: Concept and need, Benefits, Difficulties in Cross Border Acquisitions
Post Merger Issues: Concept, Issues involved in integration, Tools used for integration, Post-merger Growth Strategies, Human Side of Mergers and Acquisitions, Demerger and its types
Takeover: Concept, Forms of Takeover, Takeover Defences, Benefits and Disadvantages of Takeover
Legal Framework with respect to Mergers and Acquisitions: Companies Act, 1956, SEBI (Buyback of Securities) Regulations 1998, SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997, SEBI (Delisting of Securities) Guidelines, 2003 Corporate Governance Issues, Provisions of Income Tax Act, 1961, FEMA, 1999, Competition Act, 2002
1. Weston, Fred; Chung, Kwang S. & Siu, Jon A.: Takeovers, Restructuring and Corporate Governance, (2nd ed.). Pearson Education
2. Gupta, Manju (2010): Contemporary Issues in Mergers and Acquisitions. Himalaya Publishing
3. Sundarsanam (2006); Creating Value from Mergers and Acquisitions, (1st ed.) Pearson Education
4. Ramanujan. S. (1999); Mergers: The New Dimensions for Corporate Restructuring, McGraw Hill
5. Narayankar, Ravi, (2013): Merger and Acquisitions Corporate Restructuring, Strategy and Practices, (2nd ed.). International Book House Pvt. Ltd.
6. Ray Kamal Ghosh (2013); Mergers and Acquisitions, (1st ed.) Prentice Hall of India
7. Aurora, Shetty and Kale (2013); Mergers and Acquisitions, (1st ed.) Oxford University Press
