Participation by OCBs in the limited two way fungibility of ADRs/GDRs

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Full Text of the Document

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....fungibility of ADRs/GDRs Please refer to the Operative Guidelines for the two way fungibility under the "issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme 1993" issued by the RBI vide its circular no. 21 (DIR Series) dated February 13, 2002. In this regard it has been clarified by the RBI that the participation of the OCBs in ....