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Issue of shares against External Commercial Borrowings - liberalisation of.

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....nistry of Commerce & Industry Department of Industrial Policy & Promotion SIA (FC Division) PRESS NOTE NO.5 (2003 SERIES) Subject: Issue of shares against External Commercial Borrowings - libe....

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....rmit issue of equity shares against all External Commercial Borrowings (excluding those deemed as ECBs) received in convertible foreign currency, subject to meeting all tax liabilities and procedures.....