Borrowings and deferred payments

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....a recognised stock exchange may issue debt securities in the manner specified by the Authority: Provided that such debt securities shall be listed on recognised stock exchange(s). (b) The aggregate consolidated borrowings and deferred payments of the Investment Trust, holdco and the SPV(s), net of cash and cash equivalents shall not exceed: (i) seventy per cent. (70%) of....

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....funds only for acquisition or development of infrastructure projects; (c) have a track record of at least six distributions, on a continuous basis, post listing, in the years preceding the financial year in which the enhanced borrowings are proposed to be made; and (d) obtain prior approval of unitholders. (d) If the conditions specified in the above sub-clauses are brea....