Foreign currency exchangeable bonds permit Indian issuers to raise foreign-currency debt convertible into offered company equity. The scheme defines Foreign Currency Exchangeable Bonds as foreign-currency-denominated bonds issued by eligible Indian companies and subscribed by non-resident persons in foreign currency, with principal and interest payable in foreign currency and exchangeable, wholly or partly, into equity shares of an identified Indian Offered Company, including by means of equity-related warrants.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign currency exchangeable bonds permit Indian issuers to raise foreign-currency debt convertible into offered company equity.
The scheme defines Foreign Currency Exchangeable Bonds as foreign-currency-denominated bonds issued by eligible Indian companies and subscribed by non-resident persons in foreign currency, with principal and interest payable in foreign currency and exchangeable, wholly or partly, into equity shares of an identified Indian Offered Company, including by means of equity-related warrants.
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