Essar Steel Limited (1996)
Abstract
Apart from raising the issue of various risks involved in a complex financial instrument (with the benefit of some hindsight), the case highlights the difficulties in hedging foreign exchange risk of a foreign currency convertible bond. The case also brings out several issues related to financial distress. This case is a sequel to Essar Steel Limited (1993) (F&A0421) and Essar Steel Limited (1994): Comparing Cost of Funds (F&A0441).
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- Cases and Notes [2722]