Investments by FPIs in Non-Convertible / Redeemable preference shares or debentures of Indian companies

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..... in Non-Convertible / Redeemable preference shares or debentures of Indian companies 1. Pursuant to the Reserve Bank of India (RBI) circular RBI/2013-14/632 dated June 06, 2014, it has been decided as follows: a) In terms of the RBI circular A.P. (DIR Series) Circular No. 84 dated January 06, 2014, an Indian company is permitted to issue non-convertible/redeemable preference shares or debent .....

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..... cise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992. A copy of this circular is available at the web page Circulars on our website www.sebi.gov.in . Custodians are requested to bring the contents of this circular to the notice of their FII clients. Yours faithfully, S MADHUSUDHANAN Deputy General Manager Tel No.: 022-2 .....

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