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Ahead of FCCB redemptions, Indian companies ring asset-sale alarm

By Sneha Shah

  • 29 Jun 2012

At least half a dozen companies are scrambling to sell assets or are seeking shareholder approval to raise funds to redeem $6 billion worth of foreign currency convertible bonds (FCCBs) due for redemption in FY13, analysts said.As companies with outstanding FCCBs near their deadline to redeem bonds in next few ......

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