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              <text>Hycons Renewable Private Limited: decision to accept or reject an equity investment</text>
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              <text>Financial analysis/forecasting; Management accounting/corporate finance; Small businesses</text>
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              <text>Learning outcomes: This study will help students determine the economic value of a firm particularly in case of a small business. The crux of the case is to help students estimate an enterprise value for a company and figure the actual worth of the company to aid in decision-making. Case overview/Synopsis: This case is about a decision dilemma faced by Shashi Hegde, Director, Hycons Renewable Private Ltd, a company ventured into the production of Bio-CNG. It is about a recent proposal received by the firm from APL Ltd for equity investment with 40% stake in the firm. The case reflects the dilemma faced by small businesses to choose between investment or loss of control. Accepting the proposal will bring in additional funds, whereas the Board loss control on the firm. The case revolves around this dilemma. To help Hegde in this task, he seeks advice from his CFO and his confidant Kumar. Complexity academic level: This case is most appropriate for a core finance class for both under-graduate and graduate programs. Supplementary materials: Teaching notes are available for educators only. Subject code: CSS 1: Accounting and Finance.  2022, Emerald Publishing Limited.</text>
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              <text>Ramdas R.; Shankar N.</text>
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              <text>Emerald Emerging Markets Case Studies, Vol-12, No. 2, pp. 1-25.</text>
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              <text>&lt;a href="https://doi.org/10.1108/EEMCS-05-2021-0161" target="_blank" rel="noreferrer noopener"&gt;https://doi.org/10.1108/EEMCS-05-2021-0161&lt;/a&gt;
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              <text>ISSN: 20450621</text>
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              <text>Ramdas R., School of Business and Management, CHRIST (Deemed to be University), Bangalore, India; Shankar N., School of Business and Management, CHRIST (Deemed to be University), Bangalore, India</text>
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