HYBRID SECURITY FDI COMPLIANCE NORMS
The Reserve Bank of India (RBI) has thrown a spanner in the works of a government proposal to liberalise the pricing guidelines of hybrid securities such as foreign direct investment (FDI)
compliant instruments. RBI fees that only shares, as well as fully and compulsorily convertible
debentures (CCDs) and preference shares (CCPs), should continue to be considered FDI compliant.
If any of these instruments have an option, under which the price is determined at a future date based
on performance, it ought not to be considered FDI compliant.
compliant instruments. RBI fees that only shares, as well as fully and compulsorily convertible
debentures (CCDs) and preference shares (CCPs), should continue to be considered FDI compliant.
If any of these instruments have an option, under which the price is determined at a future date based
on performance, it ought not to be considered FDI compliant.
0 comments:
Post a Comment