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Dec 16, 2014
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Sebi seeks parity between foreign currency, rupee convertibles
Market regulator Sebi today said it is in favour of allowing rupee convertibles for domestic investors, on the lines of overseas investors subscribing to foreign currency convertible bonds.
"If a foreign investor can subscribe to a foreign currency convertible, why it is not possible for domestic investors to do the same in the rupee? We are working on it but there is a problem with regard to a provision in the Companies Act. We will be approaching the right authorities before finalising our view," Sebi Chairman U K Sinha said today.
Source -
http://www.business-standard.com
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