Thursday, May 8, 2008

'There are lots of challenges for the seller in today’s market'

Check assets before you put them up for sale

Do you check things before you sell them? Perhaps, sometimes. Maybe our day-to-day activities do not require such exercise but more and more number of corporates should be well off doing just that, before they sell some assets. That’s what is called ‘vendor due diligence,’ or VDD in short.
“Vendor due diligence is a due diligence review commissioned by a seller or vendor on a business or assets being offered for sale. The scope of this exercise is determined by the vendor and usually comprises financial, tax, commercial and operational due diligence,” says Mr Ashish Singhal, Associate Director (Transaction Support Group), Ernst & Young India.

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