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Prashant Roy (Lawyer)     11 December 2008

Buyback of FCCBs

The RBI on 8 Dec 2008 came out with a Circular on Buyback / Prepayment of  FCCBs where they have mentioned that under automatic route FCCBs can be bought back at a discount of not less than 15% on book value.

Can someone tell me what does book value mean and how FCCBs are treated in the balance sheet?

Thanks.



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