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

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..... 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 debentures to non-resident shareholders, i .....

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..... (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.: 022-26449614 Email: [email protected]
Circular, Trade Notice, Pub .....

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