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 (FCCBs)? How Indian companies can issue and convert it to their advantage? Can foreign investor of such bond can safeguard […]
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