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Euro Issues of Indian Firms
Euro issues of Indian firms

An important aspect of financial market reforms not covered so far at a desired length is the internationalisation of Indian financial market. To be more precise, as mentioned in the Introduction, the Indian government allowed the Indian companies, in the very initial years of economic reform, to raise funds from international financial market through the issue of foreign currency convertible bonds (FCCBs) and also the issue of the shares under ADR/GDR arrangement and permitted the foreign institutional investors (FIIs) to participate in the secondary market in India buying and selling shares and debentures. And, of late, the Indian government allowed the foreign companies to raise funds in the Indian primary market through selling securities under Indian ...

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