H K Davra & Co. EBITDA Normalisation in Due Diligence: Key Adjustments, Ind AS 116 and Adjusted EBITDA In most private company transactions the price is expressed as a multiple of EBITDA. That makes every EBITDA adjustment a price negotiation in disguise: at an 8x multiple, an adjustment of ₹50 lakh ch... Due Diligence EBITDA Financial Due Diligence Valuation 01-Feb-2026