The Suzlon Group, one of the leading global renewable energy solutions providers in the world, announced that it has successfully repaid in cash, Foreign Currency Convertible Bonds
(FCCBs) worth US$ 28.
In a statement issued after the Cabinet meeting, the government also said investment made through foreign currency convertible bonds
and depository receipts would not be treated as foreign investment unless the debt is converted into equity.
And thirdly, many have foreign currency loans in the form of external commercial borrowings and foreign currency convertible bonds
The money is to be used by the company to repay bondholders holding foreign currency convertible bonds
Mumbai, May 23 -- MAN Industries (India) Limited, one of the leading pipe manufacturing companies has redeemed outstanding Zero Coupon Foreign Currency Convertible Bonds
(FCCBs) of USD 64.
8 billion in foreign currency convertible bonds
(FCCBs) that mature in 2012, brokerage Kotak Securities says.
KEL has received approval from the Reserve Bank of India to extend the tenure of its $18-million foreign currency convertible bonds
by a year, according to reports.
The downgrade also factors in the expected pressure on the Everest Kanto group's liquidity because of the possible redemption of its foreign currency convertible bonds
(FCCBs) in September 2012; the group's internal accruals may not be adequate to service the instruments.
Linkages are explained in terms of capital flows from international market to Indian market in the form of Foreign Direct Investment (FDI) and foreign institutional Investment (FII) and Indian companies raising funds from international financial market through the issue of foreign currency convertible bonds
(FCCBs) and the issue of the shares under ADR/GDR arrangement.
Jet Airways said it received shareholder approval to raise up to USD 400 million through private share placements, global depository receipts or foreign currency convertible bonds
, according to a filing with the Bombay Stock Exchange cited by numerous press reports.
The proceeds will be used for general corporate purposes of the Company, including repayment of maturing foreign currency convertible bonds
, capital expenditure and working capital as permitted by the Reserve Bank of India for bank finance.