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November 2013

A. P. (DIR Series) Circular No. 57 dated 30th September, 2013

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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External Commercial Borrowings (ECB) Policy – ECB proceeds for acquisition of shares under the Government’s disinvestment programme of PSUs – Clarification

This circular clarifies that ECB can be availed of for multiple rounds of disinvestment of PSU shares under the Government disinvestment programme.

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