Ensuring Transparency in Takeovers: Evaluating Information Retrieval in the Indian Financial Market

The level of trust that retail investors exhibit has a big impact on the growth of the capital market. Consequently, it is imperative to ensure the protection of their interests. To arrive at a well-informed conclusion, it is important that all relevant information pertaining to the open offer during the takeover be thoroughly and accurately given. The author released a preliminary dataset to study the letter of offer document during the takeover process, along with some basic questions required for retrieval. The author then measured some existing evaluation metrics. This work is unique as it caters to the Indian financial market and augments the analysis of takeover data using information retrieval. The author has made noteworthy contributions by facilitating access to takeover data for the Natural Language Processing and Information Retrieval community. The raw data is in standard reusable format, ensuring its ease of use. Additionally, the author has published a Q&A resource that can be used by regulators, merchant bankers, and investors.