India Inc raised $1.13 bn from overseas markets in April
Quotes

India Inc raised $1.13 bn from overseas markets in April

Last Updated: Thursday, May 30, 2013, 21:29
 
 Comment 0
 
India Inc raised $1.13 bn from overseas markets in April
Mumbai: Indian companies in April raised USD 1.13 billion from overseas markets through external commercial borrowings and foreign currency convertible bonds, down 77.8 percent from a month earlier.

Indian firms had raised USD 5.08 billion from overseas markets in March 2013.

Of the total money raised in April from overseas markets, the companies had raised USD 601.68 million through automatic route and USD 523.52 million through approval route.

Under automatic route, Mylan Laboratories Limited raised USD 200 million for import of capital goods, Bharat Forge Limited raised USD 60 million for redemption of FCCBs, JSW Projects USD 52.06 million and ATC Tires raised USD 31.67 million for expansion of new project.

Through the approval route, Adani Power Maharashtra raised USD 480 million for its power project, Nectar Life Sciences USD 24 million for refinancing of rupee loans and GAIL (India) raised USD 13.46 million for import of capital goods.

PTI


First Published: Thursday, May 30, 2013, 21:29


Comments


comments powered by Disqus
Apple Smartwatch unveiled
Apple Smartwatch unveiled
Apple iPhone 6, iPhone 6 plus
Apple iPhone 6, iPhone 6 plus
Samsung Galaxy Tab 4 Nook
Samsung Galaxy Tab 4 Nook
BMW-X3
BMW-X3
Forbes Best Places for Biz 2014
Forbes Best Places for Biz 2014

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved