DCA favours independent M&A valuer

 In its report, the group has recommended that transactions in the corporate sector including mergers, acquisitions, sales and purchases should mandatorily be valued by a third party.

 The valuation norms will be applicable to all listed companies, unlisted public companies accepting public deposits with a minimum net worth of Rs 25 crore and minimum turnover of Rs 150 crore, all other unlisted companies with a minimum networth of Rs 100 crore and turnover of Rs 500 crore.

 At present, independent valuations in any corporate transaction are not mandatory and the purchase or sale price is arrived at through a process of mutual negotiation.

 Sources familiar with the development said the group