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The Cross-Section of Volatility in Returns of Enterprises from Micro to Large Cap
Assessment of volatility in equity return of enterprises stratified by size
Equity with Differential Rights – how does it deal with the test of inadequate consideration within the Income-tax (rule 11UA)
With the idea of differential rights as to dividends, voting or otherwise picking-up in India pursuant to the introduction of section 43(a)(ii) of the Companies Act, 2013, can DVRs be a stratagem to emaciate the income tax (Rule 11UA) valuation?
India Control Premium Study, 2020
A study of control premium offered in takeovers in India based on public company transactions during 2002 to June 2020
Purchase Price Allocation (“PPA”) study in the Banking and Insurance sector
Aiming at readiness for the upcoming Ind AS implementation in the Banking and Insurance sector by drawing references from the US market
India Equity Risk Premium 2020
This is our second edition of Equity Risk Premium in India study. Based on the current market conditions, we recommend India ERP of 7.5% ( 7% and 8% being the upper and lower limit of the range, respectively) beginning April 2020.
Insight into Holdco Discount
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.
Risk-free rate dilemma for valuation in a negative yield economy
Are valuation principles antagonised by temporal dimensions of interfered risk-free rates in growth-deflated big economies? Read our article to understand how this blip could be adjusted using certain well accepted methods.
Cyclical Beta Study-India
Beta analysed across all major sectors in India in the past 20 years at quarterly intervals and mapped against business cycles to analyse mean reversion trends and suggested adjustments for computing Beta for business valuations
India Control Premium Study 2019
A study of control premium offered in takeovers in India based on public company transactions during 2002 to June 2019
AMCs in India – Listing & Valuation
In this paper, we have discussed an overview of asset management companies (AMCs), top AMCs in India, trends and events which led to a recent listing in India and methods to value such businesses along with current valuation and financial performance of Indian AMCs and a comparison with US-listed asset managers.