INTRODUCTION TO MERGERS AND ACQUISITIONS
Concepts of mergers, acquisitions, takeovers, and corporate restructuring, types of mergers and acquisitions, strategic rationale for M&A, synergy in M&A, motives behind mergers, historical
perspective and global M&A trends, recent M&A deals and case studies.
VALUATION OF MERGERS AND ACQUISITIONS
Methods of business valuation - discounted cash flow (DCF), comparable company analysis (CCA), precedent transactions, valuation of synergy, financial modeling for M&A, role of investment banks in M&A transactions, due diligence process.
LEGAL AND REGULATORY FRAMEWORK
SEBI regulations on mergers and acquisitions, Companies Act and its provisions on M&A, Competition Act and its implications, taxation aspects of M&A, takeover defenses, hostile takeovers, cross-border M&A regulations.
POST-MERGER INTEGRATION AND PERFORMANCE
Challenges in post-merger integration, cultural issues in M&A, human resource considerations, financial and operational integration, measuring post-merger performance, reasons for M&A failures, strategies for successful mergers.
EMERGING TRENDS AND CHALLENGES IN M&A
Impact of technology on M&A, digital transformation and acquisitions, private equity and venture capital in M&A, distressed acquisitions and buyouts, role of ESG (Environmental, Social, and Governance) in M&A decisions, future trends in M&A markets.
Reference Book:
R1 Weston, J. F., Mitchell, M., & Mulherin, H. (2020). Takeovers, Restructuring, and Corporate Governance. Pearson Education.
R2 DePamphilis, D. (2019). Mergers, Acquisitions, and Other Restructuring Activities. Academic Press.
R3 SEBI and Competition Commission of India (CCI) Guidelines.
Text Book:
T1 Patrick A. Gaughan (2021). Mergers, Acquisitions, and Corporate Restructurings. Wiley.
T2 Rajesh Kumar (2019). Mergers and Acquisitions: Text and Cases. Sage Publications.
