.......The inter-ministerial panel with half-a-dozen secretaries and officials from RBI and Sebi also approved the creation of compulsory redemption reserves for companies with such FCCBs following a proposal mooted by RBI Deputy Governor H R Khan. Accordingly, companies will have to compulsorily park up to 25 per cent of the value of FCCBs at maturity into the redemption fund. The corporate affairs ministry is formulating its view on this.......
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