Dear Sir/Maam,

Knowing what business is worth and what determines its value is prerequisite for intelligent decision making. Corporate valuations form the basis of corporate finance activity including capital raising, M&A and also to meet regulatory / accounting requirements or for voluntary purpose. Justifying the value of businesses has grown more complex and challenging as its been accepted that valuation of closely held / infrequently traded listed shares is not an exact science and depends upon a number of factors like purpose, minority/ controlling interest, stage, financials, industry, management and promoters strengths etc. and such other parameters as are customary for valuation of shares of such companies

Business Valuation is the process of determining the “Economic Worth” of a Company based on its Business Model and external environment and supported with reasons and empirical evidence. In business valuation, variety of business valuation methods typically categorized into three core Valuation approaches (Asset, Income and Market approaches) are considered and Premium & Discounts applied based on standard & premise of valuation and size and % of transaction under valuation to arrive at the Valuation for Shareholders.

For Companies exclusively listed on Regional Stock Exchanges, SEBI vide its Circular dated 17^thApril 2015 has allowed a timeline of 18 months to comply with Listing Regulations failing which they will have to undergo stricter scrutiny for their any future association with securities market. The company/promoter has to demonstrate that they have made adequate efforts for providing exit to their shareholders. We can help you in determination of valuation for providing exit to shareholders and also manage the entire exit offer as a Merchant Banker.