Types of due diligence and scope of a due diligence exercise

Due diligence can be of two types – limited or an exhaustive, depending on the client’s mandate and the nature of the transaction. What are the considerations that should be kept in mind while determining the extent of a due diligence? Ketan Mukhija, Senior Vice-President (Legal, Corporate Strategy and Planning), SREI Infrastructrure Finance Limited throws light on this.