External Commercial Borrowings
External Commercial Borrowings
•Refinancing
•Possible with the fresh ECB subject to the condition that
the fresh ECB is raised at a lower all-in-cost ceiling and
outstanding maturity of the original ECB is maintained.
CONVERSION OF ECB INTO EQUITY
•Conversion of ECB into equity is permitted subject to the
following conditions:
The activity of the company is covered under the
Automatic Route for FDI or FIPB approval for foreign
equity participation has been obtained by the company,
whichever applicable,
The foreign equity holding after such conversion of debt
into equity is within the sectoral cap, if any,
Pricing of shares is as per the SEBI and RBI guidelines as
may be applicable for listed / unlisted companies.