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of <h1>Foreign equity holders exempt from minimum holding rule for specific uses beyond corporate, capital, or loan repayment.</h1> The minimum equity holding requirement for foreign equity holders, whether direct or indirect, is not applicable when the end use is other than general corporate purposes, working capital, or repayment of Rupee loans. Foreign equity holders, as defined in the Master Direction No. 5 on External Commercial Borrowings, are eligible to lend for specific end-uses outlined in the directive. Recognized lenders for end-uses not on the negative list are specified in the directive's guidelines.
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