While issuance of a fairness opinion, a professional financial valuation is required to ensure that public shareholders or minority shareholders of the transferor and transferee companies are not being prejudiced by the valuation so arrived and that the asset valuer has applied valuation methods on a relative basis. The objective is to eliminate any biases towards and favour to the promoters or their associated entities.
In case of Listed Companies, the Fairness Opinion is required on the valuation of assets/equity shares of the listed as well as the unlisted company by the valuers from an independent merchant banker under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
RNC can provide independent fairness opinions to the Board of Directors / Management of the companies in connection with their proposed transaction. The experience of our expert financial valuation team includes providing fairness opinions for mergers and acquisitions, amalgamations, demergers and scheme of arrangements (through our associated entity which is a SEBI registered Category I Merchant Banker).