MUMBAI: Indian companies
raised $1.93 billion from overseas markets in October through external
commercial borrowings and foreign currency convertible bonds, according
to RBI data.
In September, the domestic firms had raised $3.35 billion from abroad.
As many as 52 Indian companies raised money from external sources in October, of which $719.52 million was raised through automatic route for which no approval is required from the Reserve Bank of India (RBI) or the government. While, 12 firms raised a total of $1.21 billion through approval route.
Under the approval route, Bharat Petroleum CorporationBSE -1.26 % raised $500 million for working capital requirement, Tata ChemicalsBSE -1.23 % and Tata Sons raised $190 million and $150 million respectively for refinancing of earlier external commercial borrowings (ECB).
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In September, the domestic firms had raised $3.35 billion from abroad.
As many as 52 Indian companies raised money from external sources in October, of which $719.52 million was raised through automatic route for which no approval is required from the Reserve Bank of India (RBI) or the government. While, 12 firms raised a total of $1.21 billion through approval route.
Under the approval route, Bharat Petroleum CorporationBSE -1.26 % raised $500 million for working capital requirement, Tata ChemicalsBSE -1.23 % and Tata Sons raised $190 million and $150 million respectively for refinancing of earlier external commercial borrowings (ECB).
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