This is the second edition of Incwert’s Volatility Study, assessing the quantum of volatility in the asset prices differentiated by size based on the analysis of indices and listed companies in India.
We believe that a volatility band of 60-65% may of significance for capturing the risk factors in privately held companies and start-ups.
This is the second edition of Incwert’s Holding company or “Conglomerate” discount study 2021, based on the analysis of select listed holding companies across major sectors in India.
Assessment of volatility in equity return of enterprises stratified by size
Aiming at readiness for the upcoming Ind AS implementation in the Banking and Insurance sector by drawing references from the US market
Holdco Discount study could be of importance to the valuation professionals when dealing with the question on the quantum of discount to be applied for valuing the holding of a minority shareholder in an entity that is essentially an investment vehicle. The empirical evidence is based on market data which can be considered to be a reliable basis when addressing the holding in a private enterprise which is a conglomerate.
