External Commercial Borrowings (ECB) Policy – Structured Obligations for infrastructure sector

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..... External Commercial Borrowings (ECB) Policy – Structured Obligations for infrastructure sector
News and Press Release
Dated:- 27-9-2011

External Commercial Borrowings (ECB) Policy - Stru .....

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..... ctured Obligations for infrastructure sector On a review, it has been decided, to further liberalise the ECB policy in respect of the infrastructure sector.Direct foreign equity holder (holding minim .....

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..... um 25 per cent of the paid-up capital) and indirect foreign equity holder holding atleast 51% of the paid-up capital, will be permitted to provide credit enhancement for the domestic debt raised by In .....

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..... dian companies engaged exclusively in the development of infrastructure and by Infrastructure Finance Companies (IFCs) through issue of capital market instruments. No prior approval will be required f .....

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..... rom the Reserve Bank for providing such credit enhancements. Detailed instructions have been issued vide A. P. (DIR Series) Circular No. 28 dated September 26, 2011. J. D. Desai Assistant Manager .....

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..... Press Release : 2011-2012/478
News - Press release - PIB .....

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