Overseas Investment by AIFs: The USD 1,500 Million Limit and the Four-Month Validity Rule An Indian AIF finds a promising unlisted technology company abroad, applies to SEBI for an overseas investment allocation and gets it. Then the term sheet stalls. A few months later, the allocation ha... AIF Due Diligence Fund Compliance Fund Governance SEBI 31-Oct-2026 AIF & Fund Regulation
Debt Structure Analysis in Due Diligence: The Risk Hidden Behind Low Borrowings The company had low debt but high risk. Debt ratios were comfortable, yet a review of the borrowings showed short-term loans funding a new plant, working capital lines renewed and stretched every year... Companies Act Due Diligence Financial Due Diligence M&A 31-Oct-2026 Due Diligence
Off-Balance Sheet Items in Due Diligence: Finding the Obligations Outside the Books The balance sheet looked light, but the business was not. Leverage ratios were comfortable and borrowings were modest, yet a closer review found long lease commitments, receivables sold with recourse,... Due Diligence Financial Due Diligence M&A Quality of Earnings 31-Oct-2026 Due Diligence
Contingent Liabilities in Due Diligence: Assessing the Risks That Sit in the Notes Everything was disclosed, yet the real risk was not in the balance sheet. It was in the notes. A company with strong net worth and controlled borrowings carried ongoing litigation, disputed tax demand... Due Diligence Financial Due Diligence M&A Tax Assessment 31-Oct-2026 Due Diligence
Customer Concentration Risk in Due Diligence: How to Measure and Price It Revenue was growing consistently, until one client walked away. Overnight, a business with rising sales and stable margins looked vulnerable, because it had never been diversified; it had been depende... Due Diligence Financial Due Diligence M&A Quality of Earnings 31-Oct-2026 Due Diligence
Management Behaviour in Due Diligence: How Trust and Transparency Affect Valuation The numbers supported a higher valuation, but the deal was still renegotiated. Growth was consistent, margins were strong and the financials were clean. Yet answers to key questions arrived late, impo... Corporate Governance Due Diligence Financial Due Diligence M&A 31-Oct-2026 Due Diligence
Common Due Diligence Mistakes Investors Make, and How to Avoid Them Most investment mistakes do not happen because the business was bad. They happen because the right questions were never asked. A data room is opened, the financials are ticked against audited accounts... Due Diligence Financial Due Diligence M&A Quality of Earnings 31-Oct-2026 Due Diligence
Clean Financials Are Not Low Risk: What Due Diligence Finds That an Audit Does Not The statements look perfect: five years of growth, healthy margins and audit reports without a single qualification. Then one question during due diligence - how much of this revenue depends on two cu... Corporate Governance Due Diligence Financial Due Diligence Quality of Earnings 31-Oct-2026 Due Diligence
Revenue Recognition in Due Diligence: Where Revenue Risks Hide and How They Are Tested The revenue looked strong: steady growth, stable margins, every quarter in line. Then one line in the accounting policy note raised a question, and a closer look showed sales booked before delivery, m... Due Diligence Financial Due Diligence Ind AS 115 Quality of Earnings Revenue Recognition 31-Oct-2026 Due Diligence
H K Davra & Co. Sustainability of Earnings in Due Diligence: Testing Growth, Margins and Cash for the Future Almost every due diligence, whatever the sector or deal size, eventually arrives at the same question: is this performance sustainable? Investors pay for future cash flows, not past profits. Historica... Due Diligence Financial Due Diligence Sustainable Earnings Valuation 22-Feb-2026 Due Diligence
H K Davra & Co. What Due Diligence Reveals Beyond the Report: Controls, Governance and Management Signals A due diligence report is usually read for its numbers: adjusted EBITDA, net debt, working capital and quantified exposures. Yet much of what an investor learns during the process never appears as a f... Corporate Governance Due Diligence Financial Due Diligence Internal Controls 15-Feb-2026 Due Diligence
H K Davra & Co. Related Party Transactions in Due Diligence: Arm's Length, Dependency and Standalone EBITDA In many Indian mid-sized companies, the promoter group is woven into daily operations. The factory stands on land owned by a family member, a sister concern buys a large share of output, group staff s... Corporate Governance Due Diligence Financial Due Diligence Related Party Transactions 08-Feb-2026 Due Diligence