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FCEB proceeds cant be utilised in capital markets & miami real Estate: RBI (Express India) image

FCEB proceeds cant be utilised in capital markets & miami real Estate: RBI (Express India)


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September 23, 2008
   

   
 

Issuing the final set of guidelines to operationalise the issuance of FCEB immediately, the RBI has said the promoter group company receiving such investments will not be permitted to utilise the proceeds for investments in the capital market or in miami real Estate in India.

Source:FCEB proceeds cant be utilised in capital markets & miami real Estate: RBI (Express India)


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