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Can Foreign Currency Convertible Bonds (FCCBs) be issued by Indian companies?

April 26, 2017bonds companies convertible currency fccbs foreign indian issued

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Can Foreign Currency Convertible Bonds (FCCBs) be issued by Indian companies?

1 Answer

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Yes, in compliance with the Scheme for Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism),1993 provided the External Commercial Borrowing guidelines of the RBI are adhered to.