TaxTMI 
TaxTMI 
Clarification regarding revision of conversion price of Foreign Currency Convertible Bonds
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....larification regarding revision of conversion price of Foreign Currency Convertible Bonds <br>News and Press Release<br>Dated:- 17-3-2010<br><BR>Clarification regarding revision of conversion price of....
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.... Foreign Currency Convertible Bonds Dated 15-3-2010 In continuation to the Press Note dated 15th February, 2010 regarding the amendment to the "Issue of Foreign Currency Convertible Bonds and Ordina....
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....ry Share (Through Depositary Receipt Mechanism) Scheme, 1993," (the Scheme) permitting revision of conversion price of FCCBs, It is clarified that for the purpose of revision of conversion price in ac....
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....cordance with the conditions mentioned in Press Note dated 15th February, 2010, the 'relevant date' mentioned under the pricing norms in Clause 5 (4)(D) of the Scheme would mean the date of the meetin....
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....g in which the Board of the company or the committee of Directors duly authorized by the Board of the company decides to revise the conversion price of the existing FCCBs. 2. However, for all other p....
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....urposes the definition of 'relevant date' would remain as prescribed in Press Note dated 27th November, 2008. Press Note [F.No. 9/3/2009-ECB]<BR> News - Press release - PIB....