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at what point does consolidation commence, like does it start when a valid indication arises to all stakeholders or when the actual control is attained ?
“… does it start when a valid indication arises to all stakeholders or when the actual control is attained ?”
What is a ‘valid indication’?
It starts immediately after it is recognised that the investor has control (or, under IFRS 10) effective control
OK?
what i meant was like sir an announcement that this company is taking over and all major stakeholders are aware of it
Until control (or effective control) is achieved then no consolidation
When talks are in progress, no consolidation
When an offer is made and some shareholders accept that offer … still no consolidation
When the holders of more than 50% of the shares have accepted the acquirer’s offer, THAT’S when consolidation commences
OK?
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