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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Determination of price for purchase of minority shareholding requires registered valuer report and regulator-specified pricing for listed companies.</h1> Rule prescribes method for determining the offer price payable by an acquirer for minority equity shares and requires a registered valuer to prepare a valuation report addressed to the board justifying the valuation. For listed companies the offer price must follow applicable securities regulator specifications and the valuer must supply a justificatory valuation report. For unlisted and private companies the offer price must account for the highest price paid by the acquirer in the prior twelve months and a fair price ascertained by the registered valuer using valuation parameters such as return on net worth, book value, earnings per share and price earnings multiples; the valuer must provide a report to the board.