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      Can ECB be availed of for making equity investment domestically or buying goodwill?

      External Commercial Borrowings (ECB) and Trade Credits - As on Jun 26, 2023

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      External Commercial Borrowings: ECBs cannot be used to finance domestic equity investment or purchase of goodwill.
      External Commercial Borrowings (ECB) and trade credits cannot be used to finance equity investment, either directly or indirectly through purchase of ... Summary

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