Essar Group (Essar), a big diversified conglomerate situated in India, needs to raise significant capital via an initial public offering (IPO) and has to choose whether to do so through the Indian Stock Exchange, the London Stock Exchange or the New York Stock Exchange.
The organization will have to carry on to report in Indian GAAP and, if it determines to record its IPO in America or Europe, it also will need to adopt either the U.S. GAAP or the IFRS. The CFO of Essar must recommend to management where to raise the needed capital and what precisely accounting standard to adopt. The selection is disclosed by the B case 9B13B015 and describes some of the execution issues.
PUBLICATION DATE: June 10, 2013 PRODUCT #: W13226-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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