Non-Convertible Debentures: Entry Routes For Foreign Investors - Corporate/Commercial Law
Non-convertible Debentures: Entry Routes for Foreign Investors A. Introduction 1 public issues of non-convertible debentures ( NCDs) and over 1,600 2 private placements of corporate bonds in India, which is encouraging given the COVID-19 pandemic and brief loss of investor appetite in the initial phase of the pandemic. An increasing number of M&A transactions also now involve NCDs as a form of consideration/funding. As such, the rising popularity of NCDs as a preferred mode of structured debt in India is not surprising given the potential return they could provide in times where market co...