Sharda Fertilizers Ltd., a listed company, proposes to make an issue of foreign currency convertible bonds (FCCBs) under the automatic route. You are required to answer the following with reference to the scheme, viz. th
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2015
Sharda Fertilizers Ltd., a listed company, proposes to make an issue of foreign currency convertible bonds (FCCBs) under the automatic route. You are required to answer the following with reference to the scheme, viz. the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 — What should be the minimum maturity time ?
Answer & Explanation:
The maturity of the FCCB shall not be less than 5 years. The call and put option, if any, shall not be exercisable prior to 5 years.
Topics: Foreign Currency Convertible Bonds (FCCBs)
Related Questions in this Topic
- Sharda Fertilizers Ltd., a listed company, proposes to make an issue of foreign currency convertible bonds (FCCBs) under...
- Sharda Fertilizers Ltd., a listed company, proposes to make an issue of foreign currency convertible bonds (FCCBs) under...
- Sharda Fertilizers Ltd., a listed company, proposes to make an issue of foreign currency convertible bonds (FCCBs) under...
- Sharda Fertilizers Ltd., a listed company, proposes to make an issue of foreign currency convertible bonds (FCCBs) under...
- A company "issuer" was in the process of making an offer to Right Issue of the specified securities. All the process was...