Authored by: CA Punit Khandelwal, CA Sunit Khandelwal and Prof. Divya Aggarwal Professor, MDI Gurgaon (ex-professor: EMLV, France and IIM Ranchi,…
The 7th edition of Incwert’s India Control Premium Study, 2025 is an update to the previous year’s study. The study analyses 23+ years (March 2002 to June 2025) of premium offered in takeovers in public transactions, triggering open offer obligations on the acquirers.
We are pleased to issue the 7th edition of the India Equity Risk Premium study (2025), which analyses the risk premium to be considered when determining the cost of equity using the capital asset pricing model.
Based on the current market conditions, and after giving consideration to both past performance and future expectations, we recommend India ERP of 7.00% (6.5% and 7.5% being the lower and upper limit of the range, respectively) beginning in April 2025.
We are pleased to release the third edition of Incwert’s Purchase Price Allocation Study in India covering the financial years from 2017 to 2024. We have compiled the study after analysing public filings for 1,103 completed transactions from FY2017 to FY2024. We have summarised the results by the class of intangible, size of the transaction, rate of occurrence of intangibles within the industry, contingent consideration, select key transactions and useful life of the intangibles.
The 6th edition of Incwert’s India Control Premium Study, 2023 is an update to the previous year’s study. The study analyses 22+ years (March 2002 to June 2024) of premium offered in takeovers in public transactions which triggered open offer obligations on the acquirers.





