Tag: Debt Finance
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Decoding ECB Restrictions Through the Core Business Lens
[Sanya Purohit and Kushal Agarwal are 4th year students at Hidayatullah National Law University, Raipur in the B.A., LL.B. (Hons.) course] Six years after the Reserve Bank of India (‘RBI’) overhauled its Master Direction on External Commercial Borrowings, Trade Credits, and Structured Obligations (‘ECB Directions’) in 2019, the scope and application of end-use restrictions remain ambiguous, with no formal definitions provided. Although
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Down Selling of NCDs through OBPPs: Private Placement to Public Risk
[Ashutosh Chandra is an associate at Veritas Legal, Mumbai and Shriyansh Singhal is a 3rd year B.B.A LL.B. (Hons.) Student at National Law University Odisha] The debt capital market in India has recently witnessed an unprecedented surge in terms of participation from retail investors, thanks to the Securities Exchange Board of India (“SEBI”) bringing in regulations and relaxed norms
