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Intermediate

Practice Drills: Evaluating a Merger or Demerger Announcement

A practice-first companion to Understanding Mergers, Acquisitions, and Demergers. You already know what a scheme of arrangement, a swap ratio, and an open offer are; this course makes you work them. Starting from the actual exchange filings on BSE and NSE, you will drill swap ratio conversions, merger arbitrage spreads, EPS accretion and dilution, open offer acceptance ratios, demerger entitlements, and cost of acquisition splits, then learn to read valuation reports and spot deals that quietly shortchange minority shareholders. Built for experienced retail investors, mutual fund investors, and salaried professionals who hold stocks that show up in deal headlines and want a repeatable way to evaluate the announcement before the market does it for them.

Mergers and AcquisitionsDemergersSwap RatiosOpen OffersMerger ArbitrageDeal Red Flags

MODULES

5

DURATION

4 Hours

TRACK

Stock Market Basics

What You'll Master

Find the board outcome, scheme document, valuation report, and fairness opinion for any deal on BSE and NSE

Convert your holding through a swap ratio, including fractional entitlements, and compare swap value with market price

Calculate a merger arbitrage spread and the market's implied probability of the deal closing

Work out EPS accretion or dilution for the acquirer in a share-swap merger

Estimate open offer acceptance ratios and the expected return from tendering

Split your cost of acquisition after a demerger and run a sum-of-the-parts check

Score any deal announcement on a repeatable hold, tender, or exit checklist

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: Setting Up the Drill

3 Lessons

The First Hour After a Deal Announcement: What to Read and in What Order10 min read

Drill: Finding the Board Outcome, Scheme Document, and Valuation Report13 min read

Drill: Building Your Deal Evaluation Worksheet13 min read

Chapter 2: Drilling Merger Mechanics

4 Lessons

Drill: Converting Your Holding Through the Swap Ratio12 min read

Drill: Arbitrage Spread and the Market's Implied Deal Probability13 min read

Drill: EPS Accretion or Dilution on a Share-Swap Merger14 min read

Drill: Stress-Testing the Valuation Report and Fairness Opinion13 min read

Chapter 3: Drilling Acquisitions and Open Offers

3 Lessons

Drill: Open Offer Price, Acceptance Ratio, and Expected Return from Tendering13 min read

Drill: Premium Paid, Goodwill, and Signs of Overpayment12 min read

Drill: Promoter Group Mergers and Minority Shareholder Red Flags13 min read

Chapter 4: Drilling Demergers

3 Lessons

Drill: Entitlement Ratio, Record Date, and What Lands in Your Demat11 min read

Drill: Splitting Your Cost of Acquisition Between Parent and Resulting Company12 min read

Drill: Sum-of-the-Parts Before and After a Demerger14 min read

Chapter 5: Full Practice Drills

3 Lessons

Full Drill: Evaluating a Merger Announcement End to End16 min read

Full Drill: Evaluating a Demerger Announcement End to End16 min read

Full Drill: The Hold, Tender, or Exit Scorecard14 min read