Rediffmail Money rediffGURUS BusinessEmail

India Inc's Dec foreign borrowing up 14%

January 14, 2015 17:51 IST
Source:PTI

India Inc raised $637.29 million from overseas markets in December 2014, up 13.65 per cent from year-ago period, according to the RBI data.

The domestic companies had raised $560.73 million from overseas markets in the same month last year.

Of the total borrowings during the month under review, $145.62 million was raised through approval route, while $491.67 million came through automatic route.

As many as 59 companies raised money from automatic route and 4 firms raised via approval route.

In the approval route category, Oil India Limited raised $125 million for refinancing of earlier ECB, Goldman Sachs Services Pvt Ltd $75 million for general corporate purpose, Sabmiller India Ltd raised $50 million for general corporate usage and Himatsingka Seida Limited raised $21 million for overseas acquisition.

In the approval route, Air India raised  $99.5 million for import of capital goods, Sandisk India Device Design Centre Private Limited and Mercator Limited raised $28 million and  $18 million respectively for mordernisation projects.

Source: PTI
© Copyright 2025 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

More News Coverage

Sandisk India Device Design Centre Private Limited India Inc Goldman Sachs Services Pvt Ltd RBI ECB

RELATED STORIES

WEB STORIES

India's 10 Cities With The Worst Traffic

Quick. Tasty. Tofu: 8 Recipes

8 Steps To Lowering Your Blood Pressure

VIDEOS

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email