indiA xxxx

Corporate Finance Firm of the Year Select transactions in 2012

Bidding & winning a fresh IPL franchise of Hyderabad by Sun TV from BCCI

Sale of 27.5% equity stake in India Today Group to Aditya Birla Group

Sale of FamilyCredit Ltd. To L&T Finance Holdings

“The abacus is a deceptively simple tool that helps

Acquisition of UPS business of Numeric Power Systems by Legrand Group

perform complex mathematical operations. Much like the use of business acumen in our business.

At Ambit, what we do is simple, but not easy”

Acquisition of 100% equity share capital of GE Money Housing Finance

Corporate Finance • Institutional Equities • Investment Advisory • Private Wealth • Private Equity • NBFC www.ambitholdings.com

Sale of equity stake in United Spirits Limited by UB Group to Diago Plc, UK

indiA xxxx Contact

Manu Shanker Mishra M S MISHRA ASSOCIATES Patna, Hyderabad , New Delhi Website : www.msmishraassoc.org Email:info@msmishraassoc.org

Offices

Patna: 26, Sardar Patel Path, North Shri Krishna Puri , Patna – 800013,Bihar, Tel : +91(0)-612-2571250 Delhi: E-208, L.G.F , Greater Kailash-II, New Delhi – 110048,India, Tel :+91(0)-11- 29223060, +91(0)-11- 29223799 Hyderabad: 321-C, Road No.- 25B, Jubilee Hills, Hyderabad, Andhra Pradesh, India, Tel: +91(0) 44-23542952

Firm Profile

Manu Shanker Mishra, Managing Partner, M S Mishra Associates, New Delhi based full service law firm known for its competence in litigation, speaks about their recent projects.

“When the expected yield curve, tax plan curve, risk free rate, and the rings from market lambda and delta hedge lie on the same plane as the momental ellipsoid lies on the plane with a point below. Introducing options price and volatility derivatives we have a punctured plane with open rings, whose second turn by investors attitude forms a cuboid. This is firm specific with heterogeneous expectations, the cuboid rolls towards the centre rotational plane of polarization”

“Unknotting loop theta, we have the theta of regression as a parameter vector theta hat and a theta star operation can be performed. The beta star operation can also be performed to calculate the cost of equity or debt. The first moment condition of statistics is the unconditional expectation of p must equal the steady state mean. The first order auto-co-relation is the unconditional mean and variance.”

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“Reconstruction gives a line joining the curves on the punctured plane of the cuboid as convex risk preferences exist. Difficulty arises with asymmetries of information and absence of market conservation rules. Convex optimization is done with hyper-planes and half space and operations preserve convexity by perspective as the image and the inverse image are convex. Optimal methods correspond to resource vectors as eigen-values are optimized with generalized inequalities defined by a cone and maximum value ellipsoid inscribed in a convex set. Stability requires delta and double cone solution for the two rings and a multiple point momentum analysis. A resolution can lead to a single point appearing on a side of the cuboid. The relationship between individual and social indifferences and preferences show ir- reflexivity and quasi-transitivity of preferences as transitive ordering of preferences leads to notion of unrestricted domain but governments put reasonable restrictions. In determining the optimal size or level of public expenditure it is the value that corresponds most closely to individual preferences. As uncertainty is about the states of the world because they cannot be conceived

Finance Monthly GLOBAL AWARDS 2013

in the present position, thus cannot be anticipated when we consider a hypothetical global state as perceived, and an emerging state and the third state we have a probability space and a probability distribution can be applied to a possible range of outcomes i.e risks.

Ignoring how revenue raised by taxes are spent we can calculate the costs, burden and shifting the burden of taxation, and a compensated response as movement around the same indifference curve.

“Fixed and variable voter preferences are taken into account in responsive and strategic government action. Weighed sum of utilities on alpha would indicate consumers utility to overall social welfare, the more egalitarian a society is, the more its social indifference curves approach right angle and tax curve becomes a gentle slope. Government’s tax choices are restricted by its budget construct which gives the target revenue from loop theta, then second best optimal are considered.”

“International tax issues are tax competition and tax harmonization. We are involved in development of admissible corporate strategies in a growing economy.”

Full Service Law Firm of the Year