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Practice Drills: Responding to a Simulated Activist Investor Letter

A hands-on drill course for CFOs, finance controllers, corporate development teams, and late-stage founders who may one day open a letter from an activist shareholder. You work through one simulated case end to end: a sample NSE-listed company with a large cash pile, a low-return subsidiary, and a history of related party contracts receives a public letter from a fund holding just over 5 percent. You will read the letter the way a board should, rebuild the activist's valuation math, map the shareholder register to see who actually decides the vote, handle the first 72 hours of disclosure and insider trading controls, and stress-test each demand on its merits. You will then choose a stance, draft the board's reply and investor presentation, prepare for an EGM requisition under the Companies Act, and negotiate a settlement. The course closes with a complete activist response pack.

Shareholder ActivismCorporate GovernanceSEBI SAST and LODRProxy Advisors and VotingBoard Communication

MODULES

5

DURATION

~3.5 hrs

TRACK

Corporate Finance

What You'll Master

How to read an activist letter and separate its demands, its evidence, and its implied threats

How to rebuild and test an activist's sum of the parts and value gap calculations

How the SEBI Takeover Code, LODR, and Companies Act sections on requisitions and director removal shape an Indian activist campaign

How to map a shareholder register into promoter, institutional, retail, and swing votes and estimate the outcome of a resolution

How to run the first 72 hours: disclosure decisions, adviser selection, and UPSI controls

How to evaluate buyback, spin-off, and related party demands on their merits rather than defensively

How to draft a board reply letter and investor presentation that proxy advisors and fund managers take seriously

How to negotiate a settlement covering board seats, standstills, and measurable commitments

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

2 Lessons

The Drill Brief: The Sample Company, the Activist, and the Letter12 min read

The Indian Activism Rulebook: SAST, LODR, and Companies Act Powers16 min read

Chapter 2: Drill 1, Decoding the Letter

3 Lessons

Reading the Letter Line by Line: Demands, Evidence, and Threats14 min read

Testing the Activist's Numbers: Rebuilding the Value Gap17 min read

Mapping the Shareholder Register: Who Votes and How16 min read

Chapter 3: Drill 2, Building the Board's Position

3 Lessons

The First 72 Hours: Disclosure Duties, Advisers, and UPSI Controls14 min read

Stress-Testing Each Demand: Buyback, Spin-Off, and Related Party Contracts18 min read

Choosing a Stance: Concede, Negotiate, or Resist13 min read

Chapter 4: Drill 3, Drafting the Response

3 Lessons

Writing the Board's Reply Letter15 min read

The Investor Presentation and Proxy Advisor Engagement15 min read

Preparing for an EGM Requisition and the Vote Count16 min read

Chapter 5: Drill 4, The Endgame

2 Lessons

Negotiating a Settlement: Board Seats, Standstills, and Commitments14 min read

Capstone Drill: The Complete Activist Response Pack18 min read