​​​
  1. India Inc foreign borrowings down 44 per cent at $1.2 billion in July

India Inc foreign borrowings down 44 per cent at $1.2 billion in July

India Inc's overseas borrowings fell by 44 per cent to $1.2 billion in July this year as against $2.14 billion in the same period a year ago.

By: | Mumbai | Published: August 26, 2016 2:13 PM
The Indian firms raised 3.7 million via approval route while rest .02 billion was raised by way of automatic channel, showed Reserve Bank’s data released today. (Source: Reuters)

India Inc’s overseas borrowings fell by 44 per cent to $1.2 billion in July this year as against $2.14 billion in the same period a year ago.

The Indian firms raised $183.7 million via approval route while rest $1.02 billion was raised by way of automatic channel, showed Reserve Bank’s data released today.

Under the approval route, Tikona Digital Networks raised $171 million for import of capital goods, while Vijayawada Tollway raised $11.07 million for road related works.

Among major borrowers using the automatic route to raise money were HDFC ($446.38 million) for on-lending, Glenmark Pharmaceuticals ($200 million) for overseas acquisition and Adani Transmission $74.40 million for refinancing of rupee loans.

Birla Corporation raised $40 million for refinancing of earlier ECB, while Siemens Financial Services raised $37.20 million for on-lending, via automatic route.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top