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India Inc foreign borrowing jumps over 2-fold to $3.92 bn in April

India Inc raised $3.92 billion from overseas markets in the first month of the current financial year, up more than 2 times from a year-ago period. Among major companies which tapped the overseas market to raise capital included were Reliance Jio ($747.03 million), Aditya Birla Finance ($152.35 million), Vayu Urja Bharat Private Ltd ($155 million) and JSW Steel Ltd ($100 million). All these firms raised the money through automatic route of external commercial borrowings (ECBs). In the approval route category for ECBs, Tata Sons raised $1.5 billion for other purpose while Dewan Housing Finance Ltd raised $152.35 million (Rs 1,000 crore) by tapping the rupee denominated bonds (RDBs) during the month. 

Read More at The Economic Times News date : 22 May 2018, Tuesday

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