What are Foreign Currency Convertible Bonds (FCCBs)?
What are Foreign Currency Convertible Bonds (FCCBs)? In the last 2 weeks, Foreign Currency Convertible Bonds (FCCBs) has come into lime light after Castex Technologies has alloted shares against FCCBs and its shares plunged by 80%. Foreign investors has cried blaming Castex Technologies has manipulted its share price and converted bonds into equity shares. What are these Foreign Currency Convertible Bonds
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