External Commercial Borrowings (ECB) Policy

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....ed to the A.P. (DIR Series) Circular No. 5 dated August 1, 2005,  A.P. (DIR Series) Circular No. 26 dated October 22, 2008 and para 2 (v) of A.P. (DIR Series) Circular No.19 dated December 9, 2009 relating to External Commercial Borrowings (ECB) for spectrum allocation. 2.  As per the extant policy, eligible borrowers in the telecommunication sector are permitted to avail of ECB for t....

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.... other conditions of ECB, such as eligible borrower, recognized lender, all- in-cost, average maturity, etc, should be complied with. 4.   Eligible borrowers in the telecommunications sector proposing to fund the payment for Spectrum allocation directly out of the proceeds of the ECBs may continue to avail of the ECBs under the automatic route as per the extant policy. 5.  All....