Mukesh Patel School of Technology Management and Engineering
Technology Management Department
Course Policy
Program/Branch/ : MBATech / All Branches / Sem IX
Semester
Academic Year : 2022-23
Course Code & Name : MBAB09007
Investment Banking
Credit Details : L T P C
2 0 0 2
Cou Coordinat : CA Shailesh Velankar
rse or
Facu
lty
Contact No. & Email : ssvelankar@gmail.com
Office : MPSTME
Office hours : Mon-Sat- 10.00 am - 4.00 pm
Other Course Faculty : Course Faculty 1: CA Shailesh Velankar
members teaching this Contact No. & Email:
course ssvelankar@gmail.com
Mobile: 9820785427
Office Hours: Mon-Sat- 10.00 am - 4.00 pm
Course Faculty 1: Dr Samie Ahmed Sayed
Contact No. & Email: ssamie@gmail.com
Mobile: 9323879430
Office Hours: Mon-Sat- 10.00 am - 4.00 pm
Course Faculty 2:
Dr. Samie Ahmed
Sayed
Contact No. &
Email: 9323879430
ssamie@gmail.co
m
Office: Indore
Office Hours: Mon-Sat- 10.00 am - 4.00 pm
Queries by Emails are encouraged.
Course link : Portal Link
MS Teams Link
1 Introduction to the Course
1.1 Importance of the course
This course will provide a broad overview of Mergers and Acquisitions. Mergers and Acquisitions involve various
aspects like corporate restructuring, synergy, valuation, and corporate governance issues.
The objective of this course is to provide the students with an insight of the intricacies involved in Mergers and
Acquisitions in India. The course will focus on various activities in Mergersa nd Acquisitions.
1.2 Objective of the Course
1. To explain concepts related to M & A and Corporate Restrucuturing
2. Compare various strategies in Mergers and Acquisitions
3. Compare the M & A Deals based on Valuations.
1.3 Pre-requisite : NIL
2 Course Outcomes (CO) and mapping with Program Outcomes (PO)
3.1 Course Outcomes
After completion of this course, students will be able to -
1. Describe and analyze concepts related to Corporate Restructuring
2. Identify various M & A strategies
3. Analyze business based on valuations
3.2 CO-PO Mapping
Program Learning
Program Program Learning Goal 3 Program Program Learning
Goal 1:
– Understanding Business Learning Goal Goal 5: An
An understanding of Learning Goal Domains and Integration 4- Effective understanding of
global practices 2: Critical with Technology communication ethical business
impacting thinking skills skills models
organizations
CO 3
1
CO 3
2
CO 3
3
4. Syllabus, Pre-class activity and References
4.1 Teaching and evaluation scheme
Teaching Scheme Evaluation Scheme
Internal Continuous
Lectu
Practi Tutori Assessment (ICA) Theo
re
cal al Cre As per Institute ry
Hour
Hours Hours dit Norms TEE
s per
per per
week
week week
Marks 50 Marks 50
3 0 0 2
4.2 Syllabus
w.e.f. 2022-23
Program l MBA Tech. Semester IX
Course : Mergers and AcquisiŁions Module Code : MBAB09007
Teaching Scheme Evaluation Scheme
Lecture Practical Tutorial Internal Continuous Term End
(Hours per (Hours (Hours Credi Assessment (ICA) Examinations
week) per week) per week) t (TEE)
2 -- -- 2 Marks 50 Marks 50
- -
Pre-requisite: Financial Management
Course Objectives:
1. To explain the concepts related to mergers, acquisition and corporate restructuring
2. Compare various strategies
3. Compare business based on valuations
Course Outcome:
After completion of the course, students would be able to:
1. Describe concepts related Corporate restructuring
2. Identify the various strategies
3. Analyze business based on valuations
Detailed Syllabus:
Unit Description Duratio
n
1 Mergers & Acquisition Concepts 3
Forms of Corporate Restructuring
2 M & A as Growth Strategy 3
Mergers & Acquisition Motives & Synergies “
3 Take over and defence tactics 3
Intent of Target Companies
4 Legal framework 3
5 Accounting for Amalgamations & Demergers 3
6 Funding of Acquisitions
7 Leveraged Buyout 3
8 Valuation of Target Companies 3
• Asset based method
• Relative valuation method
• Dividend discount Model
9 Valuation of Target 3
Companies
• Enterprise DCF Model
10 Corporate Governance 3
• Sarbanes Oxley Act
« Corporate Governance
Text Books:
1. Godbole, P... Mergers, Acquisitions aitd Corporate Restructuring, 2/ latest reprint Vikas
Publishing House, New Delhi, (2013)
2. Patrick, G., A. Mergers, AcquisitionsG Corporate Resfruciflring, 5/e, Wiley Publishing, Delhi, 2012.
References Books:
1. Damodaran, A. (2011). The Liffle Book of Valusfioit, Wiley Publishing, Delhi.
2. Chandrashekar Krishnamurthi & Vishwanath S R (2013). Mergers, Acquisitions & Corporate
Restructuring 8/e, Response Books, SAGE Publication,
3.3 Pre-class activity
Outline for preliminary study to be done for each unit will be provided prior to
commencement of each unit. Preliminary study material (questions, presentation, notes etc.)
will be made available on the student portal / teams. Students are expected to go through this
material before attending the upcoming session. During the lecture session, more emphasis
will be given on in-depth topics, practical applications and doubt solving.
4.3 References
Text Books:
1. Godbole, P... Mergers, Acquisitions aitd Corporate Restructuring, 2/ latest reprint Vikas
Publishing House, New Delhi, (2013)
2. Patrick, G., A. Mergers, AcquisitionsG Corporate Resfruciflring, 5/e, Wiley Publishing, Delhi, 2012.
References Books:
1. Damodaran, A. (2011). The Liffle Book of Valusfioit, Wiley Publishing, Delhi.
2. Chandrashekar Krishnamurthi & Vishwanath S R (2013). Mergers, Acquisitions & Corporate
Restructuring 8/e, Response Books, SAGE Publication,
Internet references:
● www.rbi.org.in
● www.sebi.gov.in
● www.mca.gov.in
Note: The latest edition of books should be referred.
5. Laboratory details
No Laboratory details for this course
6. Tutorial Plan
No Tutorial for this course
7. Assessment Policy
7.1 Component wise Continuous Evaluation Internal Continuous Assessment (ICA)
and Term End Examination (TEE)
Assessmen ICA (50 Marks) TEE
t (50
Componen Marks )
t
Class Test 1 Class Test 2 Project Viva / Quiz for
(Group activity) Class
Participation
Marks 10 10 25 5 50
Timeline 10th Oct – 15th Oct 14th Nov – 19th 23rd 20th Nov – 25th
November November Nov
7.2 Assessment Policy for Internal Continuous Assessment (ICA)
Assessment of ICA comprises of the following components.
1. Class test 1 and 2 (20 Marks)
a. Two class tests will be conducted as per the academic calendar.
b. It may be conducted offline for 20 marks each and scaled down to 10 marks each
2. Project : Financial Statement Case Analysis Report (Group activity) – (25 marks)
a. Faculty will make group of 5 or 6 students
b. Group is expected to select a Merger and Acquisition transaction in the year 2021 or 2022 and
discuss its various aspects in detail. This discussion should bear relevance to the syllabus.
Valuation techniques can be used to evaluate the transaction.
c. Assessment will be based on the Project report
Rubrics for Evaluation
Criterio Below Meets Exceeds Expectation
n Expectations Expectations (More than 60%)
(Less than 40%) (40%-60%)
Clarity Not able to explain Explains points Explains points explicitly with
points clearly. clearly; points specific explanatory detail
Lacks focus and relate to overall backed up with relevant
points put forth do argument. research/information/example;
not relate to the points relate and support the
overall/main overall argument.
argument or idea.
Organizatio Presents information Presents information Presents information in a
n in is clear and logical order
a cluttered manner in a logical
with sequence.
Gather Struggles to pinpoint Clearly identifies the Demonstrates a sophisticated
Relevant the information information required. understanding of what
Information needed. Gathers Gathers information information is needed.
information from from multiple valid Gathers extensive information
one source. Minimal and reliable sources. from a variety of valid and
evidence of Evidence of reliable sources including
search/selection search/selection journals, texts, etc., specific to
criteria. criteria. the subject. Clear evidence of
Search/selection criteria.
Select and Has limited Selects and uses Selects and uses relevant
Use knowledge on relevant concepts concepts and frameworks.
Relevant selecting and using and frameworks. Needs no assistance in selecting
Concepts relevant concepts Requires minimal relevant concepts and
and and frameworks. assistance on frameworks.
Frameworks Requires extensive choosing relevant
assistance in concepts and
selecting relevant frameworks.
concepts and
Frameworks.
Evaluate Little evidence of Considers context, Considers context, data,
Information evaluation and data, assumptions, assumptions, and evidence.
for Effective identification of and evidence. Eloquently integrates multiple
Decision implications. Integrates multiple viewpoints. Implications are
Making Minimal evidence of viewpoints. clearly developed. Advanced
selection based on Implications are evidence of selection based
quality or developed. on quality or appropriateness.
Appropriateness. Evidence of
selection based on
quality
Or appropriateness.
3. Viva / Quiz for Class Participation (05 marks)-
Every class student will asked to go through Mergers and Acquisitions news and share some content,
questions will asked on the same. The faculty will ask questions in every class based on the content being
taught. These marks will be added in ICA class participation component.
7.3 Assessment Policy for Term End Examination (TEE)
A written examination of 50 marks for 2 Hours duration will be conducted for the course as per the
Academic Calendar.
7. Lesson Plan
Ses Mapp Reference
Topic
si ed
s
on CO
N
o.
1 Mergers and Acquisitons Concepts, Corporate 2 Handouts
Resturcturing
● Meaning, Types of M &b A
● Merger Motives
● Types of corporate restrucuturing
2 M & A as Growth Strategey and Synergies 2 Handouts
● Discussion of various growth strategies
● Types of Synergies, Meaning, ways to achieve
synergies
3 Take over Defense tactics 2
● Various Defense tactics, the situations in Handouts
which to apply a particular defence tact
● Intent of Target Companies
● Hotile takeovers
Legal Framework 2 Handouts
4 ● Companies Act 2013
● Income Tax Act 1961
● SEBI Takeover Regulations
● Competition Act
5 Accounting for Amalgamations and 2 Handouts
Merger
● AS 14
● Types of Amalgamations
● Types of Accounting
● Practical Treatment
6 Funding and Acquisitions 2 Handouts
● Raising Funds for acquistions
● Various means of Fianance
● The newer ways of Acquisitions
7 Leveraged Buyout 2 Handouts
● Meaning
● Case Studies on leveraged buyouts
● Ways to achieve the leverage out of a
buyout
8 Valuation of Target Companies 2 Handouts
● Asset Based method
● Relative Valuation Method
● Dividend Discount Model
9 Valuation of Target Companies 2 Handouts
● Enterprise DCF Model
● Different methods of Calculating DCF
● Benefits of DCF over and above other
methods of valuation
10 Corpoarte Governance 2 Handouts
● Sarbanes Oxley Act
● Corporate Governance
● Provisions contained in Companies Act
● SEBI Regulations
8. Teaching-learning methodology
Lecture session will be conducted as follows-
1. Lectures:
o Outline for preliminary study to be done for each unit will be provided prior to
commencement of each unit.
o Deeper concepts and applications will be explained through Presentation and/or Video
Lectures.
o Numerical problems based on concept will be solved during the session on smart board.
o Discussion of Appropriate Cases for better learning
2. Project Work
a. Faculty will make group of 5 or 6 students
b. Group is expected to select a Merger and Acquisition transaction in the year 2021 or 2022 and
discuss its various aspects in detail. This discussion should bear relevance to the syllabus.
Valuation techniques can be used to evaluate the transaction.
c. Assessment will be based on the Project report
9. Active learning techniques
Active learning is a method of learning in which students are actively or experientially involved in
the learning process. Following active learning techniques will be adopted for the course.
a) Blended Learning: Students will be introduced to the topic while the in-depth topics, applications and
numerical problems will be discussed by the faculty in the lecture session. Outline for preliminary study to
be done for each unit will be provided prior to commencement of each unit. Preliminary study material
(video links, presentation, notes etc) will be made available on the student portal/MS Teams.
b) Current Affairs: Students will be asked to read Economic times and asked questions on Financial /
current news
c) Case lets : Small problems will be given to students and they will asked to give the opinion
10. Course Material
Following course material is uploaded on the student portal: (give student portal link)
● Course Policy
● Lecture Notes
● Lecture Presentations
● Books / Reference Books
● Assignments
11. Course Outcome Attainment
Following means will be used to assess attainment of course learning outcomes.
● Use of formal evaluation components of continuous evaluation, assignments, projects, semester
end examination
● Informal feedback during course conduction
12. Academic Integrity Statement
Students are expected to carry out assigned work under Internal Continuous Assessment (ICA)
independently. Copying in any form is not acceptable and will invite strict disciplinary action.
Evaluation of corresponding component will be affected proportionately in such cases. Plagiarism
detection software will be used to check plagiarism wherever applicable. Academic integrity is
expected from students in all components of course assessment.
