Participation by OCBs in the limited two way fungibility of ADRs/GDRs

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..... the Stock Exchanges Dear Sir/Madam, Sub:- Participation by OCBs in the limited two way fungibility of ADRs/GDRs Please refer to the Operative Guidelines for the two way fungibility under the issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme 1993 issued by the RBI vide its circular no. 21 (DIR Series) dated .....

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..... 26th Aug 2002 Shri Piyoosh Gupta General Manager, FII Division Securities Exchange Board of India Mittal Court, B-Wing 224 Nariman Point Mumbai 400 021 Dear Sir Participation by OCBs in the Two Way Fungibility of ADRs/GDRs Please refer to your letter No. ITTC/FII/14671/02 dated 2nd August, 2002 on the ca .....

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