Corporate Finance
An examination of the legal and regulatory structures governing corporate fundraising, capital management, and investor protection.
Institution: Hidayatullah National Law University
Program: B.A.LL.B. (Hons.)
Semester: VIII
Course Philosophy
The modern corporation is characterised by dispersed ownership but highly concentrated executive control. This course proceeds on the premise that the primary objective of corporate finance is to acquire resources efficiently while ensuring the law adequately regulates executive management and protects investors. Further, the students explore how to achieve the optimal balance of debt and equity capital to maximize value.
Teaching Methodology
This course blends foundational classroom lectures with interactive learning techniques. Moving beyond pure theory, the pedagogy relies heavily on the case method to simulate real-world scenarios, fostering critical thinking and problem-solving. I actively utilise modern tools, including online financial databases and simulations, to analyse current market trends and practical applications of the law.
Course Architecture
The curriculum is designed to provide the big picture of corporate finance before drilling down into specific funding mechanisms:
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Module I: Introduction to Corporate Finance - Explores the corporate form, capital structure, and the overarching regulatory framework.
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Module II: Equity Finance - Navigating types of issues, preference shares, dividends, and alternative investment vehicles like REITs and InvITs.
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Module III: Debt Finance - Analysing debentures, bank financing, external commercial borrowings, and securitisation.
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Module IV: Capital Markets - Understanding the structural framework of capital markets and the mechanisms for domestic and international listing.
Key Deliverables
Students are expected to confidently evaluate different sources of financing and analyse complex regulations enacted by SEBI to make informed legal and economic judgments.
Note to Students: This is a structural architecture of the course. Enrolled students will receive the detailed course syllabus with specific weekly progression, CO-PO mappings, and exhaustive reading materials, before the first session.