MERGERS, ACQUISITIONS & CORPORATE RESTRUCTURING Revision | CA/CMA Final AFM/SFM | Ajay Agarwal AIR 1

Topics Covered - Mergers, Acquisitions & Corporate Restructuring
M&A through Shares Offer
M&A through Cash Offer
Demerger, Internal Reconstruction, Bonus Issue, Equity Buyback

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[shashiranjanmahato]

Maturity is when you realise Ajay sir's revision video + concept notes + Question Bank 10 time better then Rs. 20000 wala classes.

[girishbhattar]

1:35 Meaning
7:20 Basics of M&A
28:45 No of shares of Acquirer to be issued to shareholders of Target Co
59:15 Book Value after Merger
1:07:15 Earnings after Merger
1:11:35 Market Value after Merger
1:45:00 Value of Original Shareholders
1:49:10 Maximum exchange ratio acceptable to Acquirer Co
2:03:15 Minimum exchange ratio acceptable to Target Co
2:10:25 Cash to be paid to shareholders of Target Co
2:13:35 Book Value after Merger
2:14:55 Earnings after Merger
2:19:10 Market Value after Merger
2:24:05 Maximum Cash per share acceptable to Acquirer Co
2:27:00 Minimum Cash per share acceptable to Target Co
2:31:40 Value of Acquisition
2:34:10 Financial feasibility of Acquisition
2:38:40 Demerger
2:45:20 Reconstruction
2:55:00 Stock split up
2:58:30 Bonus Issue
3:04:35 Equity buyback
3:11:25 Questions

[CA_Mansi]

Smile on his face, when he said yeh krlo sbb solve ho jyega ...

Gives different type of sukun...

High respect sir 🎉❤

[tanutripathi]

56:30 Promoter's holding in Merged entity
59:13 Post Merger BV & BVPS
1:07:10 Earnings post merger & EPSat
1:10:10 Synergy in earnings meaning
1:11:36 Post Merger MV & Mkt Capitalisation
1:50:05 Max ER acceptable to acq
3:19:43 Q.16
3:21:54 Q.30 Cash offer
3:24:32 Q.34 Min cash for promoter's holding
3:26:40 Q.35 Vt by Cash flow model
3:28:02 Q.37 Demerger (Fortune Pharma)
3:31:23 Q.41 Equity BB (High growth ltd.)

[kalyanprivate]

Itna concept clarity hai tabhi toh AIR1 mila.. Thank you ao much Ajay Sir for making these chapters easy for all

[madhusudhan]

U know what's success, , , making ur haters as ur fans... u literally made it to me sir, , , i really used to hate u brothers for no reason, but once i gave a look into this class, and i was mistaken. U made mergers and acquisitions like a flow, , the sum were just going on and on didn't stuck anywhere which i used to normally.
Leason learned: You shouldn't hate someone without looking into them🙏🙏🙏

[hema]

U have raised the bar of making revision videos👏👏 ..so conceptually and authentic converage.Thank you sir..❤

[parthrajsinh]

3:13:21 bvps reserve 450 & bonus & split
3:14:19 swap ration npa negative prelim exp. Car ratio risk weighted asst.
3:15:35 exch. Ratio & considern given 2:1 based on mkt. Price net cons. Payable
3:17:19 inventory t/o ratio debtor t/o ratio
3:18:45 post merger mkt. Value & pe ratio same
3:19:25 p/e ratio unchanged
3:19:39 adversely affected p/e ratio
3:20:20 no p/e ratio Va Vt Ignore synergy
3:21:01 max. Exch. Ratio
3:21:40 cash offer + share offer div. Growth va vt (calclated value)
3:24:37 cash price w/o dilun of mps promoter mgmt minimum demand
3:26:40 vat calculated value
3:27:02 financial feasibility
3:27:11 p& equpmt 😂😂see if u need
3:28:12 fortune demerger
3:31:16 equity b.b. reverse calculn loan int.
3:33:48 b.b. surplus rs. No loan

[yamin_bhoira]

Time Stamps
56:30 Promoter's holding in Merged entity
59:13 Post Merger BV & BVPS
1:07:10 Earnings post merger & EPSat
1:10:10 Synergy in earnings meaning
1:11:36 Post Merger MV & Mkt Capitalisation
1:50:05 Max ER acceptable to acq
3:19:43 Q.16
3:21:54 Q.30 Cash offer
3:24:32 Q.34 Min cash for promoter's holding
3:26:40 Q.35 Vt by Cash flow model
3:28:02 Q.37 Demerger (Fortune Pharma)
3:31:23 Q.41 Equity BB (High growth ltd.)


Points for me to remember :
Total Gains from Merger (Acquisition) = Basically Synergy 1:39:00
1:43:15 - True Cost of Merger (Net cost of Acquisition or Cost of Takeover)
1:45:28 - Value of original Shareholders

[manalijain]

oh my god! this is the best revision video i have ever come across, feels like learning sfm from scratch.

[vinodhinikrishnamoorthy]

AIR 1 FOR A REASON. Utmost respect to your knowledge sir! Thanks a lot.

[smitasantuka]

Bekaar ke ghatiya faculties aise important chapters ko "pre-recorded available on software" karke 5 saal puraana video chepte hain! Aur padhne mein bhi maut aati hai firr unse. Itna sahi revision video hai yeh ki kya batayein.🙏 V well taught. Thank you, sir!

[ektamaheshwari]

Your teaching made this chapter feel like a breeze, chapter covering only the basic concepts of AFM. After watching this revision video, I realized that everything is just fundamental and flows seamlessly. Thank you, Sir!

[navrajtharu]

Completed whole AFM just with your revision classes, notes and Question Bank. I have solved all the QB without any single issue in any chapter. This wasn’t possible without your efforts and such deep teaching method even in revision lectures also. I have also taken your FR classess which is also a top notch❤. You both aggarwal brothers are really a great gift to the CA final students.

[tanvi]

These glasses give you a smarter look than the usual Black frame, Ajay Sir 🤓 Thank you so much for Revision Videos!

[deepanshusharma]

Radhe Radhe
Itne zyada acche se btaya h aapne ki ab koi doubt nahi bacha iss chapter m
Thank you so much sir

[Lifetube]

Seriously hatss off to the explanation Ajay sir❤❤❤...lots of love...❤❤
Because of you, SFM became super easy....and thanks for helping students 😊

[caawaneeshjha]

Thanks sir apke revision video mujhe CA banne me bahut help Kari....Radhe radhe

[JiaRakessh]

The way you teach FR and AFM is really commendable 💯🙏
The way you explain each n every concept with the smile on your face ...
The efforts you put for the students 🙌 ....really really grateful for it ...also you think about other students too which no one thinks abt
Thankyou so much for your efforts and also for solving the questions
Radhe Radhe
Har Har Mahadev 🔱💓

[starsandmoon]

You make the concept so understandable for an average student like me too.
Thankyou Sir😊
You simply are best.