Para 2.17
- Document type
- Policy
- Dated
- Category
- Policy
Other Modes of Foreign Direct Investments
- 2.17
- There are no end-use restrictions on GDR/ADR issue proceeds, except for an express ban on investment in real estate and stock markets. The FCCB issue proceeds need to conform to external commercial borrowing end use requirements; in addition, 25 per cent of the FCCB proceeds can be used for general corporate restructuring.