Foreign Currency Convertible Bond cs executive notes



Posted on 12-05-2016        By ADMIN



Foreign Currency Convertible Bond cs executive notes

 ‘Foreign Currency Convertible Bond’(FCCB)

 means a bond issued by an Indian company expressed in foreign currency, the principal and interest of which is payable in foreign currency. FCCBs are issued in accordance with the Foreign Currency Convertible Bonds and ordinary shares (through depository receipt mechanism) Scheme, 1993 and subscribedby a non-resident entity in foreign currency and convertible into ordinary shares of the issuing company in any manner, either in whole, or in part. 



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