Identification of opportunities from FCCBs for Kotak Mahindra Asset Reconstruction Department (ARD)

Foreign Currency Convertible Debentures (FCCBs) have, in last 4 years, become a major and a cheaper source of finance for Indian companies. Till very recently FCCBs acquired accolades of being a flexible instrument, giving the holder the right to convert the bonds into equity and providing funds to...

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Main Author: Jalan, Vivek
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2008
Online Access:https://eprints.nottingham.ac.uk/22323/
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author Jalan, Vivek
author_facet Jalan, Vivek
author_sort Jalan, Vivek
building Nottingham Research Data Repository
collection Online Access
description Foreign Currency Convertible Debentures (FCCBs) have, in last 4 years, become a major and a cheaper source of finance for Indian companies. Till very recently FCCBs acquired accolades of being a flexible instrument, giving the holder the right to convert the bonds into equity and providing funds to the issuing company at negligible rate of interest. However, the sub-prime crisis in US led the financial institutional investors (FIIs) to pull-out from Indian Markets causing the Stock Market crash in India. This has resulted in a huge possibility of non-conversion of FCCBs and thus, the redemption pressure on Indian Companies. The paper deals with the opportunities arising for Kotak Asset Reconstruction Department (ARD) from such a situation.
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format Dissertation (University of Nottingham only)
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institution University of Nottingham Malaysia Campus
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language English
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spelling nottingham-223232022-03-21T16:05:13Z https://eprints.nottingham.ac.uk/22323/ Identification of opportunities from FCCBs for Kotak Mahindra Asset Reconstruction Department (ARD) Jalan, Vivek Foreign Currency Convertible Debentures (FCCBs) have, in last 4 years, become a major and a cheaper source of finance for Indian companies. Till very recently FCCBs acquired accolades of being a flexible instrument, giving the holder the right to convert the bonds into equity and providing funds to the issuing company at negligible rate of interest. However, the sub-prime crisis in US led the financial institutional investors (FIIs) to pull-out from Indian Markets causing the Stock Market crash in India. This has resulted in a huge possibility of non-conversion of FCCBs and thus, the redemption pressure on Indian Companies. The paper deals with the opportunities arising for Kotak Asset Reconstruction Department (ARD) from such a situation. 2008 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/22323/1/08MBAlixvj1.pdf Jalan, Vivek (2008) Identification of opportunities from FCCBs for Kotak Mahindra Asset Reconstruction Department (ARD). [Dissertation (University of Nottingham only)] (Unpublished)
spellingShingle Jalan, Vivek
Identification of opportunities from FCCBs for Kotak Mahindra Asset Reconstruction Department (ARD)
title Identification of opportunities from FCCBs for Kotak Mahindra Asset Reconstruction Department (ARD)
title_full Identification of opportunities from FCCBs for Kotak Mahindra Asset Reconstruction Department (ARD)
title_fullStr Identification of opportunities from FCCBs for Kotak Mahindra Asset Reconstruction Department (ARD)
title_full_unstemmed Identification of opportunities from FCCBs for Kotak Mahindra Asset Reconstruction Department (ARD)
title_short Identification of opportunities from FCCBs for Kotak Mahindra Asset Reconstruction Department (ARD)
title_sort identification of opportunities from fccbs for kotak mahindra asset reconstruction department (ard)
url https://eprints.nottingham.ac.uk/22323/