Corporate advisory

Corporate Advisory Servicesincludes specialized advice rendered to corporation by professional advisor investment bankers, practitioners in accountancy and law and other such services wherein a company requires a specialist advice before initiating particular business plan

These services are rendered by the variety of professional. Investment banker is one of major professional. The core advisory services provided by investment banks and merchant banks relate to business advisory, restructuring advisory, project advisory, Merger and acquisition advisory and government advisory. some full service investment banks retain their legal and accounting professionals in their organizations so as to develop the complex expertise within, most of them also work with outside professionals on assignments so as to benefit from their complementary skills

PROJECT ADVISORY
Project Finance is a specialized area in corporate finance that deals with the financing of an economic vehicle which can generate the economic returns to its stakeholders.

Following are the services rendered by investment banks

Bid advisory services in projects wherein the project is awarded through a particular consortium through a bidding process. Advising in shareholders agreements, subscription agreement and equity shareholding pattern. Advise in entering into other key project contracts. Structuring the means of finance for the project. Preparation of project report, loan applications and associated documents. Act as arranger on behalf of client for representation and negotiations with lenders and equity investors. Management of private placements/public offers of debt or equity.

Buyback is a tool in the hands of the managements of cash rich companies wherein the shares are bought back by the company for: Enhancing the intrinsic worth of shares by cutting the flab of floating stock Making the company closely held and getting the same delisted Providing a defensive mechanism against hostile takeover attempts Rationalising the capital structure by writing off the capital not represented by available assets. The procedure for buyback involves compliance of the provisions of Company Law and SEBI Regulations. Takeover is technically known as Substantial Acquisition of Shares. The purpose of a Takeover is to gain management control of the Target Company. Plans of Horizontal Diversification, Elimination of Competition, Backward and Forward Integration are the motives behind any Takeover bid. The Taking-over Company buys the shares of the Target Company by making an offer to the existing shareholders at a specified price.