Convertible Preference Shares

Hi Vinod, As per a report on May 4, 2007 all foreign funds raised by Indian companies through the issue of ‘partially convertible’, ‘non-convertible’ and ‘optionally convertible preference shares’ will be treated as debt and will be subject to guidelines applicable for external commercial borrowings (ECBs) and ‘convertible preference’ shares will be considered as share capital and should be taken to calculate foreign equity. So give me some more details like your the sector in which the investment is being made by the foreign company you can pm me the details if you need to.

Thanks. Plz check the details on PM.