DBC 2405 - Acquisition Finance

 

The Banking Tutor 

               Daily Banking Concept -  2405     

Acquisition Finance 

Acquisition Finance shall mean a financial facility provided to an eligible borrower for the purpose of acquiring equity shares or compulsorily convertible debentures (CCDs) in a target company or its holding company, resulting in the borrower entity acquiring control over the target company. Such funding may also involve refinancing of existing debt of the target company if the refinancing is integral to the acquisition finance.