| Click on the Glossary/Terminology for detail |
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Acquirer |
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| Acquirer means any person who, directly or indirectly, acquires or agrees to acquire whether by himself, or through with person acting in concert, or with persons acting in concert with him, shares or voting rights or control over a Target Company. | | | |
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Acquisition |
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| Acquisition means, directly or indirectly, acquiring or agreeing to acquire shares or voting rights in, or control over, a target company; | | | |
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American Depository Receipts (ADR) (U.S.) |
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| A certificate issued in the United States in lieu of a foreign security. The original securities are lodged in Bank/Custodian abroad, and the American Depository Receipts (ADRs) are traded in the US for all intents and purposes as if they were a domestic stock. An ADR dividend is paid in US dollars, so it provides a way for American investors to buy foreign securities without having to go abroad, and without having to switch in and out of foreign currencies. | | | |
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Bonus Shares |
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| Shares issued by companies to their shareholders free of cost by capitalization of accumulated reserves from the profits earned in the earlier years. | | | |
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Buy Back |
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| Buy back is the repurchase of outstanding shares by a company to reduce the number of shares of the Company in the market. | | | |
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Chinese Walls |
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| Artificial barriers to the flow of information set up in large firms to prevent the movement of sensitive information between departments. | | | |
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Competitive Bid |
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| An offer made by a person other than the Acquirer who has made the first Public Announcement. | | | |
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Continuous Disclosure |
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| Procedure where certain companies are required to make disclosures on a continuing basis of their business activities by filing documents. | | | |
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Control |
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| Control shall include the right to appoint majority of the directors or to control the management or policy decisions exercisable by a person or persons acting individually or in concert, directly or indirectly, including by virtue of their shareholding or management rights or shareholders agreements or voting agreements or in any other manner. | | | |
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Convertible Debt securities |
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| Any type of debt financing where there is the option of converting the outstanding balance due to some other form of security or asset. | | | |
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Convertible Security |
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| convertible security means a security which is convertible into or exchangeable with equity shares of the issuer at a later date, with or without the option of the holder of the security, and includes convertible debt instruments and convertible preference shares | | | |
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Corporate Debt Restructuring |
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| The reorganization of a company’s outstanding obligations, often achieved by reducing the burden of the debts on the company by decreasing the rates paid and increasing the time the company has to pay the obligation back. | | | |
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Corporate Raiders |
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| A cash rich person who may either by himself or through the company he controls buys in very large numbers of equity shares of a target company with a view to taking over that company. | | | |
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Corporate Restructuring |
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| Involves making radical changes in the composition of the businesses in the company’s portfolio. It is the act of reorganizing the legal, ownership, operational, or other structures of a company. | | | |
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Cumulative Convertible Preference Shares |
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| A type of preference shares where the dividend payable on the same accumulates, if not paid. After a specified date, these shares will be converted into equity capital of the company. | | | |
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Cumulative Preference Shares |
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| A type of preference shares on which dividend accumulates if not paid. All arrears of preference dividend have to be paid out before paying dividend on equity shares. | | | |
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Delisting threshold |
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| Delisting threshold means a shareholding entitling exercise of ninety per cent of the voting rights in a target company, excluding voting rights on shares held by a custodian and against which depository receipts have been issued overseas, with reference to the share capital of the target company as of the last day of the tendering period. | | | |
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Disclosure |
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| Full and material information given by a company that may allow an investor to take an informed investment decision. | | | |
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Disinvestment |
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| Disinvestment means the direct or indirect sale by the central government, any state government or by a government company, as the case may be, of shares or voting rights in, or control over, a target company, which is a public sector undertaking | | | |
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Equity |
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| The ownership interest in a company of holders of its common and preferred stock. | | | |
