RBI ALLOWS COs TO BUY BACK FCCBS UNTIL JUNE 30
The Reserve Bank of India has allowed Indian companies to buy back Foreign Currency Convertible
Bonds, under both the automatic route and approval route until June 30. RBI had initially discontinued buy back of FCCBs from January 1, but has not allowed the buy back following representations made by FCCB issuers.
Bonds, under both the automatic route and approval route until June 30. RBI had initially discontinued buy back of FCCBs from January 1, but has not allowed the buy back following representations made by FCCB issuers.
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