Two-way fungibility of ADRs/GDRs.

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..... Operative Guidelines on the two-way fungibility under the issue of "Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme 1993" issued by Reserve Bank of India ("RBI") vide its circular no. 21 (DIR Series) dated February 13, 2002. In this regard RBI has clarified the following: 1. Certificate regarding non-breaching of sectoral c .....

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..... e No. of ADR/GDR redeemed in the previous month Progressive No. of ADR/GDR redeemed till the previous month and sold in the market Progressive No. of ADR/GDR reissued till the previous month ADR/GDR redeemed during month and sold in the market ADR/GDR reissued during the month Total no of ADR/GDR outstanding at the end of the month Amount of inward remittance Quantity of Unsold shares arisi .....

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