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

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Jalan, Vivek (2008) Identification of opportunities from FCCBs for Kotak Mahindra Asset Reconstruction Department (ARD). [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

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.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 11 Nov 2008
Last Modified: 21 Mar 2022 16:05
URI: https://eprints.nottingham.ac.uk/id/eprint/22323

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