Format approved by the Academic Review Board, JGLS

COURSE MANUAL
Subject

Spring 2023
(AY 2022-23)

Name/s of Faculty
Prof. Sandhya Gupta
Prof. Manmeet Kaur
Prof. Pankaj Gupta
Prof. Ashirbad Nayak
Prof. Arnab Bose (coordinator)

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CONTENTS

PART I
General Information…………………………………………………………………………Page 3

PART II

a. Course Description…………………………………………………………………………………
Page 4

b. Course Aims……………………………………………………………………………… Page 4

c. Intended Leaning Outcomes …………………………………………………….....Page 4

d. Grading of Student Achievement…………………………………………………..Page 5

PART III
a. Keyword Syllabus……………………………………………………………………Page 7
b. Course Policies…………………………………………………………………………Page 7

PART IV

a. Weekly Course Outline ………………………………………………………….....Page 9

b. Readings…………………………………………………………………………………Page 9

PART I

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General Information

General Information on, Corporate Finance, offered by Jindal Global Law

School
of the AY 2022-23

The information provided herein is by the Course Coordinator. The following

information contains the official record of the details of the course.

This information shall form part of the University database and may be
uploaded to the KOHA Library system and catalogued and may be
distributed amongst ____ year Law students for B.A.LL.B. (Hons),
B.B.A.LL.B. (Hons); B.Com. LL.B. (Hons), B.A. (Hons) Legal Studies, LL.B.;
LL.M. courses if necessary.

Course
Title:
Course
Code:
Course
Duration: One Semester
No. of Credit
Units: 4
Leve
l:
Medium of
Instruction: English

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PART II

a. Course Description
This course is designed to introduce participants to the concepts and techniques necessary
to analyze and implement financial decisions in a wide gamut of circumstances including
in situations concerning mergers and acquisitions by corporate entities. The course
studies the effect of time, risks and uncertainty on such decision making. Topics include
basic tools like discounting techniques, stock and bond valuation, capital budgeting, asset
pricing models, capital structure of firms, financing models, and introduction to
derivatives and associated concepts like real options. The course will delve into the
landscape of finance, it will talk about the tools, institutions relevant to finance. It will
also talk about the relevance of the discipline, current usage and areas of concern, and
ways forward.

b. Course Aims

This course is designed to introduce essential aspects of financial decision-making in

business. It aims to provide basic techniques which cover investment decisions and
financing decisions. As such the course will build upon and complement other BBA-LLB
courses such as Company Law, Mergers and Acquisitions, Public Private Partnerships
and other related courses.

c. Intended Learning Outcomes

By the end of this course, students should be able to:

1. Explain and be able to communicate the nature of finance and corporate finance in an
academic or a business forum;
2. Understand the nature and sources of finance; distinguish different types of business
structure, identify the major corporate financial decisions and corporate objective, and
describe some important basic concepts; discussion will include Public Private
Partnerships.
3. Be able to perform time-value calculations by using basic financial mathematics;
4. Explain how to value a firm/asset/project and apply skills in evaluation debt and equity
securities;
5. Explain the nature of risk and return, context of finance; Apply skills in evaluating capital
budgeting projects by using different methods of project evaluation
6. Critically apply and discuss the theories relating to corporate finance
7. Understand the role and functions of underlying concepts in Finance and contextualize
contemporary trends in Financial Management.

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Course Intended Weightage Teaching and Learning Assessment

Learning Activities Tasks/
Outcomes Activities

By the end of the course, students

should be able to: Projects,
Case and topic 25% Experiential Learning, Case Presentations,
discussions studies; Empirical cases; Spreadsheet
(internal) Topic Examples; practice workouts
Finance projects 25 % sheets; Excel Models Essays,
using tools such as Research Papers
NPV and IRR
(internal)
Summative 50%

d. Grading of Student Achievement1,2

To pass this course, students must obtain a minimum of 40% in the

cumulative aspects of coursework, e.g. moot, and final examination. End of
semester exam will carry 50 marks out of which students have to obtain a
minimum of 15 marks to fulfil the requirement of passing the course.

The details of the grades as well as the criteria for awarding such grades are provided
below.

Letter Percentage Grade Definitions

Grade Of marks
O 80% and above Outstanding Outstanding
work with strong
evidence of
knowledge of the
subject matter,
excellent
organizational
capacity, ability
to synthesize and

1
Under extraordinary circumstances, the JGU Academic Council or the JGU Deans’ Council can suspend
Clause D or make it optional. If Clause D is suspended, the policy which will be framed by the School
based on the decision of the said bodies will supersede Clause D. However, whether a situation is
extraordinary or not will be decided by the said bodies only.
2
Due to the COVID 19 pandemic, the Office of Academic Affairs may suggest changes/amendments or
suspend certain policies relating to the number of assessments and other examination related policies. 

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critically analyse
and originality in
thinking and
presentation.
A+ 75 to 79.75% Excellent Sound knowledge
of the subject
matter, thorough
understanding of
issues; ability to
synthesize
critically and
analyse
A 70 to 74.75% Good Good
understanding of
the subject
matter, ability to
identify issues
and provide
balanced
solutions to
problems and
good critical and
analytical skills.
A- 65 to 69.75% Adequate Adequate
knowledge of the
subject matter to
go to the next
level of study and
reasonable
critical and
analytical skills.
B+ 60 to 64.75% Marginal Limited
knowledge of the
subject matter,
irrelevant use of
materials and
poor critical and
analytical skills.
B 55 to 59.75% Poor Poor
comprehension
of the subject
matter; poor
critical and
analytical skills
and marginal use
of the relevant
materials.

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B- 50 to 54.75% Pass “Pass” in a pass-

fail course. “P”
indicative of at
least the basic
understanding of
the subject
matter.

NEW COURSE LETTER GRADES AND THEIR INTERPRETATION 

Letter Percentag Grade
Interpretation  
Grade e of Marks Points
Pass 1: Pass with Basic understanding of
P1 45 - 49 2
the subject matter.
Pass 2: Pass with Rudimentary
P2  40 - 44 1
understanding of the subject matter.
Fail: Poor comprehension of the subject
matter; poor critical and analytical skills
F Below 40 0 and marginal use of the relevant
materials. Will require repeating the
course.
‘P’ represents the option of choosing
between Pass/Fail grading system over
the CGPA grading system in the COVID
19 semester in Spring 2020. The option is
P Pass  
provided when students attain a
minimum of 40 percentage marks under
the current grading structure in a given
subject. 
Extenuating circumstances preventing
the student from completing coursework
assessment, or taking the examination; or
where the Assessment Panel at its
I Incomplete   discretion assigns this grade. If
an "I" grade is assigned, the Assessment
Panel will suggest a schedule for the
completion of work, or a supplementary
examination. 

PART III

a. Keyword Syllabus

Finance, Investment, Financial Institutions, Risks and Uncertainty

b. Course/Class Policies

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Cell Phones, Laptops and Similar Gadgets

Academic Integrity and Plagiarism

Learning and knowledge production of any kind is a collaborative process. Collaboration

demands an ethical responsibility to acknowledge who we have learnt from, what we
have learned, and how reading and learning from others have helped us shape our own
ideas. Even our own ideas demand an acknowledgement of the sources and processes
through which those ideas have emerged. Thus, all ideas must be supported by citations.
All ideas borrowed from articles, books, journals, magazines, case laws, statutes,
photographs, films, paintings, etc., in print or online, must be credited with the original
source. If the source or inspiration of your idea is a friend, a casual chat, something that
you overheard, or heard being discussed at a conference or in class, even they must be
duly credited. If you paraphrase or directly quote from a web source in the examination,
presentation or essays, the source must be acknowledged. The university has a
framework to deal with cases of plagiarism. All form of plagiarism will be taken
seriously by the University and prescribed sanctions will be imposed on those who
commit plagiarism.

Disability Support and Accommodation Requirements

JGU endeavours to make all its courses accessible to students. In accordance with the
Rights of Persons with Disabilities Act (2016), the JGU Disability Support Committee
(DSC) has identified conditions that could hinder a student’s overall well-being. These
include physical and mobility related difficulties, visual and hearing impairment, mental
health conditions and intellectual/learning difficulties e.g., dyslexia, dyscalculia.
Students with any known disability needing academic and other support are required to
register with the Disability Support Committee (DSC) by following the procedure
specified at https://jgu.edu.in/disability-support-committee/ 

Students who need support may register any time during the semester up until a month
before the end semester examination begins. Those students who wish to continue
receiving support from the previous semester, must re-register within the first month of
a semester. Last minute registrations and support might not be possible as sufficient
time is required to make the arrangements for support. 

The DSC maintains strict confidentiality about the identity of the student and the nature
of their disability and the same is requested from faculty members and staff as well. The
DSC takes a strong stance against in-class and out-of-class references made about a
student’s disability without their consent and disrespectful comments referring to a
student’s disability. 

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All general queries are to be addressed to

disabilitysupportcommittee@jgu.edu.in 

Safe Space Pledge

This course may discuss a range of issues and events that might result in distress for
some students. Discussions in the course might also provoke strong emotional
responses. To make sure that all students collectively benefit from the course, and do
not feel disturbed due to either the content of the course or the conduct of the
discussions. Therefore, it is incumbent upon all within the classroom to pledge to
maintain respect towards our peers. This does not mean that you need to feel restrained
about what you feel and what you want to say. Conversely, this is about creating a safe
space where everyone can speak and learn without inhibitions and fear. This
responsibility lies not only with students, but also with the instructor.

P.S. The course instructor, as part of introducing the course manual, will discuss the
scope of the Safe Space Pledge with the class.

PART IV

a. Weekly Course Outline and Readings

(Please Note: This is an indicative list; the broad topics will remain the same
however the reading list or plan may change depending on various
circumstances and will be conveyed by individual instructors. The pedagogy
will be dependent on individual instructors which may also include experiential
learning methods.)

Topic and Description

Introduction to Finance

Part 1
Week 1, 2, 3 Introduction to Finance: Landscape of Finance, Risk and Uncertainty,
Indian Practices

Class Discussion and selected papers

The Time Value of Money

Chapter 2 from Brealey, R., Myers, S., and Allen, F

Importance of Finance

Francis X. Diebold University of Pennsylvania and NBER April 29, 2012;

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https://www.sas.upenn.edu/~fdiebold/papers/paper108/DieboldElgar.pdf

Pathania, R., & Bose, A. (2014). An analysis of the role of finance in energy
transitions. Journal of Sustainable Finance & Investment, 4(3), 266-271.

Valuation and Pricing, Arbitrage, Bid and Ask

Class Discussion, Prof. Aswath Damodaran (open access notes)

Introduction to Risk, Return, and the Opportunity Cost of Capital

Valuing Bonds, Valuing Stocks, Types of Risks
Part 2
Week 4, 5, 6
Investment Criteria
Net Present Value, Internal rate of Return, Profitability Index, payback period

Chapter 3 & 7 from Brealey, R., Myers, S., and Allen, F & Chapter 3 & 12 from
Financial Management, 11th Edition - I.M. Pandey
Chapter 5&6 from Brealey, R., Myers, S., and Allen, F

Assessment of Various Methods

Part 3
Practice cases and sets
Week 7
Case Study and Project: Introduction
Nature of Finance

Nature and sources of Finance

The Cost of Capital: Cost of Debt and Equity, Weighted Average Cost of Capital
Chapter 17 from Brealey, R., Myers, S., and Allen, F
Part 4
MM proposition and the new financial architecture
Week
Class discussion, Bose, A. Financial Gradients: Methods and perspectives for
8 and 9
financial policy in sustainable development action.
https://prospernet.ias.unu.edu/wp-content/uploads/2012/09/SPC-learning-case-
1_final.pdf

Discussion

Part 5 Markets
Week 10, 11 Financial Markets; Financial Institutions; Concepts in Uncertainty like KuU
(Known, unknown and Unknowable)
Class Discussion and Practice

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Capital Market Theory, Return and Risk: The Capital-Asset-Pricing Model, An

Alternative View of Risk and Return: The Arbitrage Pricing Theory, Introduction
to Portfolio Theory
Chapter 8 from Brealey, R., Myers, S., and Allen, F

Discussion of New Age Finance; Start Up Financing and Corporate Finance

KuU:
Francis X. Diebold University of Pennsylvania and NBER April 29, 2012;
https://www.sas.upenn.edu/~fdiebold/papers/paper108/DieboldElgar.pdf

Practice and Advanced Topics

Corporate-Financing Decisions
Financial Models, NPV and IRR
Class Discussion and Practice

Introduction to Long-Term Financing, Capital Structure: Basic Concepts, Limits

to the Use of Debt, Valuation and Capital Budgeting for the Levered Firm,
Part 6
Dividend Policy.
Week 12, 13,
14
Bonds

Case studies (TBD) and Projects

Various Handouts; Chapter 16 & 18 from Brealey, R., Myers, S., and Allen, F
Derivatives, Options, Futures, and Corporate Finance

Class Discussion

Real Options
Part 7
Theory and case study
Week 15
Bose, A., Badhawan, A. D., Mukherjee, A., & Bandyopadhyay, S. (2013). Real
Options as a Decision-making Tool in Climate Finance Evaluated with a Case
Study on CCS. International Journal of Regulation and Governance, 13(1), 23-42.

Other reading (TBD)

Please Note: Course Instructors may add or edit or make necessary changes to course
plan in adherence to required policy, pedagogy and guidelines.

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