Question

Under which scheme do Indian companies raise foreign capital through ADRs/GDRs?

a.

Foreign Currency Convertible Bonds and Ordinary Shares (through Depository Receipt mechanism) Scheme 1993

b.

Foreign Currency Exchangeable Bonds Scheme, 2008

c.

Foreign Investment Promotion Scheme

d.

Securities Market Regulation Scheme

Answer: (a).Foreign Currency Convertible Bonds and Ordinary Shares (through Depository Receipt mechanism) Scheme 1993 Explanation:Indian companies raise foreign capital through ADRs/GDRs under the Foreign Currency Convertible Bonds and Ordinary Shares Scheme 1993.

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Q. Under which scheme do Indian companies raise foreign capital through ADRs/GDRs?

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