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Can an Indian Party directly fund such step- down subsidiaries?

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posted Jul 26 by Adarsh

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1 Answer

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Where the JV/WOS has been established through a SPV, all funding to the operating step down subsidiary should be routed through the SPV only. However, in the case of guarantees to be given on behalf of the first level step down operating subsidiary, these can be given directly by the Indian Party provided such exposures are within the permissible financial commitment of the Indian Party.

answer Jul 28 by Mukul Chag
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