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Floor Price

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Full Text of the Document

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....verage price paid or payable for acquisitions by the acquirer along with persons acting in concert, during the 52 weeks immediately preceding the reference date; (ii) the highest price paid or payable for any acquisition by the acquirer along with persons acting in concert during the 26 weeks immediately preceding the reference date; (iii) adjusted book value (considering consolidated financia....

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Full Text of the Document

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....elow - A+B+C+D - L, where, 'A' shall be the book value of all the assets (other than jewellery, artistic work, shares & securities and immovable property) in the balance sheet as reduced by any amount shown as asset including the unamortised amount of deferred expenditure which does not represent the value of any asset; 'B' shall be the price which jewellery and artistic work would fetch if ....

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Full Text of the Document

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.... by the independent registered valuer; 'L' shall be the book value of liabilities shown in the balance sheet, but not including the following amounts, namely:-- * the paid-up capital in respect of equity shares; * the amount set apart for payment of dividends on preference shares and equity shares where such dividends have not been declared before the date of transfer at a general body meeti....