The rupee interest rates have traditionally been much higher than rates prevailing in the international markets. Under these circumstances it makes sense to borrow in currencies other than the rupee, as it gives the advantage of both a lower interest rate as well as capital appreciation due to appreciation of the rupee. However it sounds even better if after a certain point of time the same borrowings can be converted into equity and you do not have to pay regular interest.

We can arrange for issuance of FCCB, wherein after a certain passage of time the loans can be converted into equity by means of a pre- determined formula.