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Business combination

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Introduction
Ind AS 103
Business combination is a transaction or event in which an acquire obtain control
of one or more businesses.
A business is defined as an integrated set of activities and assets that is capable
of being conducted and managed for the purpose of providing return directly to
investor or other owners, members or participants.

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Definition
The term business combination refers in general to any set of conditions in which
two or more organization are joined together through common ownership. It is
term applied to external expansion in which separate enterprises are brought
together into one economic entity as a result of one enterprise uniting with or
obtaining control over the net assets and operations of another enterprise.

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