Financial commitment by way of guarantee

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..... n entity has acquired control through the foreign entity, namely: (i) corporate or performance guarantee by such Indian entity; (ii) corporate or performance guarantee by a group company of such Indian entity in India, being a holding company (which holds at least 51 per cent. stake in the Indian entity) or a subsidiary company (in which the Indian entity holds at least 51 per cent. stake) .....

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..... or computing its financial commitment limit: Provided further that where the guarantee under sub-regulation (1) is extended by a promoter, which is a body corporate or an individual, the Indian entity shall be a part of the promoter group. Explanation . For the purposes of this sub-regulation, the expression promoter group shall have the meaning as assigned to it in the Securities and Ex .....

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