The succession of rule changes is response to a growing appetite for Indian companies to look abroad for funding and investment, and will be welcomed by international debt funds
The Reserve Bank of India (RBI) has announced a series of policy changes, which include (i) relaxation of its External Commercial Borrowing (ECB) framework and (ii) withdrawal of certain restrictions on investment by Foreign Portfolio Investors (FPI) in corporate debt. These changes open up new opportunities in the Indian market for international lenders and debt funds.
ECB Framework Relaxed For Bidders In An Insolvency Process
The ECB regime regulates the provision of loans and debt capital market instruments raised by domestic companies from foreign financial entities.
This story is from the May 2019 edition of Legal Era.
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This story is from the May 2019 edition of Legal Era.
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