Just to make it more cheaper, accessible of overseas funds
(RBI) Reserve Bank Of India today further liberalised External Commercial Borrowing
Policy by including more sectors in the window. Its now decided to increase the
ECB Liability to equity ratio for ECB raised from direct foreign equity holder
under the automatic route 7:1. This ratio wont be applied if total of all ECB
raised by an entity is up to USD 5 Million or equivalent.
The benchmark rate will be 6 month USD LIBOR for Track 1
& Track 2 while it will be prevailing yield of the Gov of India Securities
of corresponding maturity for Track 3.
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