Indian companies raised $3.84 billion from overseas in March, up 48% from $2.6 billion in the previous month, the Reserve Bank of India (RBI) said.
As many as 126 deals were carried out in which borrowers raised the money through external commercial borrowings ( ECBs) and foreign currency convertible bonds ( FCCBs), according to the data released by RBI.
The borrowing from the overseas market over the month comprised of $3.2 billion through automatic route and $632.15 million via approval route, it said.
Rural Electrification Corp (REC), Reliance Industries Ltd ( RIL), Sasan Power, Mangalore Refinery & Petrochemical Ltd ( MRPL), Bhushan Steel, Idea Cellular");'> Idea Cellular, Adani Power Rajasthan, General Motors India were among the major borrowers from the overseas market during the month.
REc raised a total of $448.92 million in two separate tranches via approval route for its power projects.
RIL raised $391 million for import of capital goods via automatic route over the month.
Bhushan Steel raised $290 million for rupee expenditure and MRPL raised $250 million for modernisation projects.
Telecom firm Idea Cellular");'> Idea Cellular raised $150 million and Adani Power Rajasthan raised $145 million through automatic route.
General Motors India raised $33.08 for imports of capital goods from the automatic route, it said.
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As many as 126 deals were carried out in which borrowers raised the money through external commercial borrowings ( ECBs) and foreign currency convertible bonds ( FCCBs), according to the data released by RBI.
The borrowing from the overseas market over the month comprised of $3.2 billion through automatic route and $632.15 million via approval route, it said.
Rural Electrification Corp (REC), Reliance Industries Ltd ( RIL), Sasan Power, Mangalore Refinery & Petrochemical Ltd ( MRPL), Bhushan Steel, Idea Cellular");'> Idea Cellular, Adani Power Rajasthan, General Motors India were among the major borrowers from the overseas market during the month.
REc raised a total of $448.92 million in two separate tranches via approval route for its power projects.
RIL raised $391 million for import of capital goods via automatic route over the month.
Bhushan Steel raised $290 million for rupee expenditure and MRPL raised $250 million for modernisation projects.
Telecom firm Idea Cellular");'> Idea Cellular raised $150 million and Adani Power Rajasthan raised $145 million through automatic route.
General Motors India raised $33.08 for imports of capital goods from the automatic route, it said.
....more info