Companies raise $2.19b in Nov from overseas market

Tags: Stock Market
Indian companies raised $2.19 billion from overseas markets in November through external commercial borrowings and foreign currency convertible bonds.

In October, they had raised $1.93 billion from abroad.

As many as 41 firms raised money from external sources in November. Of these, 34 raised $948.27 million through the automatic route for which no approval is required from the Reserve Bank or the government.

Seven firms raised a total of $1.23 billion through the approval route that requires permission from RBI.

Under the approval route, Hindustan Petroleum Corporation Ltd raised $500 million for working capital requirements, Reliance Industries $300 million for import of capital goods and Rural Electrification Corporation raised $285 million for onward (sub-lending).

Under the automatic route, Indian Railway Finance Corp raised $400 million for railways work, Oil India $250 million for mining, exploration and refining and ONGC Mangalore Petrochemicals raised $60 million for a new project.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • For those who are left to survive a war-torn world, let there be peace

    The hunger games have begun, and they have started reaping our children. There is no way around it.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture