PART - III - Udyog Bandhu

More documents

Recommendations

Info

Disinvestment – Process Flow ChartDisinvestment Commission/other RecommendationsAdministrative Ministry's CommentsConsideration by Core Group of SecretariesInitial In-principal approval of Cabinet /CCD to disinvestment proposalApproval of CCD to broad TOR & Methodology for selection of AdvisorAdvertisement for appointment of AdvisorsReceipt of Expressions of Interest (EoI) from AdvisorsPresentations by AdviosrsSelection of AdvisorAppointment of AdvisorAppointment of Legal Advisor/Fixed Asset Valuers/other advisersFeasibility study and advisor & approval ofCabinet / CCD to disinvestment proposal& route/ method of disinvestmentAdvertisement for inviting expressions of interest from bidders(This is sometimes done after approval of CCD along with EoI for advisors)Receiving EoI from biddersShort-listing of bidders on the basis of prescribed / announced qualification criteria& signing of confidentiality undertakingFinalisation & Distribution of information package etc.Data Room visits/Due diligence, etc., by short-listed bidders68
Financial / capital / business restructuring etc.Finalization of shareholders'/ share purchase / other agreements etc. in consultationwith the BiddersReceipt of final bids and resealing of bids in presence of bidders & receipt ofevaluation papers from advisorsFinalisation of upset price by evaluation committee/CGD CoSReopening of financial bids in presence of bidders and their comparison with upsetprice by CGDCGD CoS/CCD Approvals (and other regulatory approvals, as needed)Execution of legal documents and inflow of funds [Public offer announcement bythe Strategic Partner, as per SEBI Takeover Code, wherever applicable]69
Page 2: Executive Summary1. The procedure t
Page 9 and 10: 2. The Core Group Committee of Secr
Page 11 and 12: Legal advisors examine the followin
Page 13 and 14: CHAPTER - IIVARIOUS METHODOLOGIES F
Page 16 and 17: - Ensures broad based shareholding-
Page 18 and 19: - Enhances visibilityDisadvantages-
Page 20 and 21: Regulation: RBI restrictions on ban
Page 22 and 23: - Low cost of transaction- Relative
Page 24 and 25: CHAPTER - IIISTRATEGIC SALEThe vari
Page 26 and 27: 3. Management Organizationi) An ove
Page 28 and 29: i) Draft Share Purchase Agreement;i
Page 30 and 31: pertaining to employer - employee r
Page 32 and 33: 4. Management of the company: It de
Page 34 and 35: o List of all employees indicating
Page 36 and 37: 3.2.8 Submission of final bidDetail
Page 39 and 40: know what bid the others have submi
Page 41 and 42: Similarly if the closing date debt
Page 43 and 44: CHAPTER -IVVALUATIONIn any sale pro
Page 45 and 46: SECTION 9-ANOTICE OF CHANGENo emplo
Page 47 and 48: 3. Where an application has been ma
Page 49 and 50: Substantive Clauses:Notwithstanding
Page 51 and 52: Annexure-IAgreement For Advisory Se
Page 53 and 54: NAME) will be paid a drop-dead fee
Page 55 and 56: a) The conflicts of interest and in
Page 57 and 58:
13. Governing LawThis Agreement sha
Page 59 and 60:
ii Notwithstanding the foregoing, t
Page 61 and 62:
Annexure-IIGuidelines for Advisors
Page 63 and 64:
Annexure-IIIEXPRESSION OF INTEREST(
Page 65 and 66:
Annexure-IVStatement Of Legal Capac
Page 67 and 68:
10. Salient features of financial p
Page 69 and 70:
qualifying minimum networth criteri
Page 71 and 72:
stage of submission of Expression o
Page 73 and 74:
9. Additional Information9.1 Govern
Page 75 and 76:
Annexure - VIIVALUATION METHODOLOGI
Page 77 and 78:
c) Transaction Multiple Method.d) A
Page 79 and 80:
Equity Risk Premium = Beta * (Marke
Page 81 and 82:
Terminal Value =105 * (1 + 0.05) /
Page 83 and 84:
It was also recognized that valuati
Page 85 and 86:
2.4 Asset Valuation MethodologyThe
Page 87 and 88:
It should be noted that the DCF met
Page 89:
6 - Disqualification of a bidder by
show all

PART - III - Udyog Bandhu

Create successful ePaper yourself

Delete template?

Save as template?