IFRS
This query is : Resolved
Chandramoulieswaran
(Querist)
11 February 2011
The company is listed it's FCCB in Luxembourg SE. The other conditions with regard to applicability of IFRS are not applicable to the company execept oversea
listing of FCCB. This FCCB can either
be converted in to equity shares and listed in India, in case of conversioan or
be redeemed on maturity in July'11.
There is no ADR or GDR embedded in FCCB.
under the above context, IFRS would still be applicable? This FCCB is covered under
Overseas Listing of securities?
Can any body guide and give expert opinion
on this?
Thnaks in advance..
Mouli
listing of FCCB. This FCCB can either
be converted in to equity shares and listed in India, in case of conversioan or
be redeemed on maturity in July'11.
There is no ADR or GDR embedded in FCCB.
under the above context, IFRS would still be applicable? This FCCB is covered under
Overseas Listing of securities?
Can any body guide and give expert opinion
on this?
Thnaks in advance..
Mouli
Anil Kumar Meena
(Expert)
13 February 2011
Hi Chadramoulieswaran,
there is no one condition in IFRS 1 Like you explained in above case.
Thanks,
Anil Kumar Meena
Hi Chadramoulieswaran,
there is no one condition in IFRS 1 Like you explained in above case.
Thanks,
Anil Kumar Meena
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