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A company proposes to re-issue GDRs, which were surrendered by the foreign investors in exchange for local shares

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A company proposes to re-issue GDRs, which were surrendered by the foreign investors in exchange for local shares. This has the following implication:

(a) Such issue is not possible

(b) The GDRs can be re-issued to domestic investors only

(c) The reissue would be constituted as a domestic public offer

(d) SEBI’s pricing guideline will apply

(e) Reissue is possible only to the available headroom

(f) Reissue should be a public offer.