International Joint Ventures, Mergers and Acquisitions

Paper Code: 
DBBA 601C
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to -

1. Identifying Value drivers and difficulties encountered in International Mergers and Acquisitions.

Course Outcomes (COs):

Course

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

Paper Code

Paper Title

DBBA 601 C

International Joint Ventures, Mergers and Acquisitions

CO 313: Understand conceptual framework of corporate restructuring.

CO 314: Identify Value drivers and difficulties encountered in Mergers and Acquisitions.

CO 315: Assess need and process of due diligence and different methods for valuation.

CO 316: Analyze post-merger growth strategies and need for integration in Cross-border Acquisitions.

CO 317: Observe legal provisions for merging entities.

CO 318: Measure the effectiveness of corporate restructuring

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

 

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

 

12.00
Unit I: 
Corporate Restructuring:

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.

12.00
Unit II: 
Mergers and Acquisitions:

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

12.00
Unit III: 
Due Diligence:

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

12.00
Unit IV: 
Cross-border Mergers and Acquisitions:

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

12.00
Unit V: 
Legal Framework with respect to Mergers and Acquisitions:

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

Essential Readings: 

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

Academic Year: