Moneycontrol PRO

business

FCCB redemption woes: Only option to buyback at discount

Indian companies with convertible foreign loans that are coming up for redemption are stuck on all fronts. Bankers say the only option is for these companies to buy back their loans at the current discounted rates but even cash for this will be tough to get, reports CNBC-TV18's Gopika Gopakumar.

first published: Sep 27, 2011 10:20 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347