Devendra Kumar Malhotra, Author at Sapient Services Pvt. Ltd.

Business, Finance October 6, 2026

Financial Due Diligence: Everything You Need to Know

Reviewed by Devendra Kumar Malhotra, Registered Valuer (Plant and Machinery), IBBI/RV/05/2018/10424 | Sapient Services Pvt. Ltd., New Delhi | Last updated: October 2026 Quick answer: Financial due diligence is an independent check of a target company’s earnings, cash flow, debt, tax position and records before you invest. The ten-point checklist…

Letter of Intent vs Term Sheet vs Definitive Agreement

Business September 14, 2026

By Devendra Kumar Malhotra

Letter of Intent vs Term Sheet vs Definitive Agreement: What Each Actually Binds

In 2015, OYO signed a term sheet to acquire Zostel’s hostel business. The document called itself non-binding, except for five named clauses: confidentiality, approvals, expenses, exclusivity, and governing law. Eleven years later, that case is still in court. An arbitral tribunal once held the whole thing had become binding anyway.…

By Devendra Kumar Malhotra

Representations & Warranties in Indian M&A

Most Indian M&A disputes don’t start at signing. They surface after closing, when a buyer discovers an undisclosed tax demand, a lapsed licence, or a labour claim nobody mentioned during diligence. Representations, warranties and indemnities are among the key contractual tools an SPA uses to decide who absorbs that cost…

Business September 12, 2026

By Devendra Kumar Malhotra

CCI Merger Control in India: Deal-Value Threshold and Filing Process Explained

A deal worth more than ₹2,000 crore can now require CCI approval even if the target’s balance sheet looks unremarkable. That’s the deal-value threshold (DVT) at work, in force since 10 September 2024, and it has expanded the jurisdictional reach of India’s merger-control regime, particularly for high-value transactions involving targets…

M&A Tax Considerations Every Business Owner Should Know

Business September 3, 2026

By Devendra Kumar Malhotra

M&A Tax Considerations Every Business Owner Should Know

Say you’re selling a manufacturing division for ₹50 crore. If nobody checks whether that sale actually qualifies as a slump sale before the papers are signed, the tax computation can end up running on numbers nobody in the room agreed to. Fixing that after closing is expensive and often impossible…

How AI Is Changing Business Valuation and Financial Advisory in India

Business August 21, 2026

By Devendra Kumar Malhotra

How AI Is Changing Business Valuation and Financial Advisory in India

A DCF draft that used to take a team three days to build can now be scaffolded in a few hours. Comparable-company searches that meant digging through databases by hand now run faster through AI screening tools. That’s the real change AI has brought to Indian valuation work — not…

Business, Finance August 17, 2026

By Devendra Kumar Malhotra

Asset Purchase vs Share Purchase: How to Structure an M&A Deal in India

Two buyers offer the same price for the same manufacturing company. One structures the deal as an asset purchase. The other as a share purchase. By closing day, they’ve paid different stamp duty, signed different kinds of agreements, and taken on completely different liability exposure — for what looked, on…

Finance, Marketing August 12, 2026

By Devendra Kumar Malhotra

Pre-IPO Valuation: How Is a Company Valued Before Going Public?

`Ask the promoter, the merchant banker, and an institutional investor what a company is worth before its IPO, and you’ll usually get three different numbers. That’s not a sign something’s gone wrong — it’s how pre-IPO valuation actually works in India. Several approaches run in parallel, and a valuer’s job…

Devendra Kumar Malhotra

Financial Due Diligence: Everything You Need to Know

Letter of Intent vs Term Sheet vs Definitive Agreement: What Each Actually Binds

Representations & Warranties in Indian M&A

CCI Merger Control in India: Deal-Value Threshold and Filing Process Explained

M&A Tax Considerations Every Business Owner Should Know

How AI Is Changing Business Valuation and Financial Advisory in India

Asset Purchase vs Share Purchase: How to Structure an M&A Deal in India

Pre-IPO Valuation: How Is a Company Valued Before Going Public?

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Financial Due Diligence: Everything You Need to Know

Letter of Intent vs Term Sheet vs Definitive Agreement: What Each Actually Binds

Representations & Warranties in Indian M&A

CCI Merger Control in India: Deal-Value Threshold and Filing Process Explained

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