Financial Daily from THE HINDU group of publications
Thursday, Jan 05, 2006
Financial Daily from THE HINDU group of publications Thursday, Jan 05, 2006 |
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Corporate
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Overseas Borrowings 52 cos tapped ECB route in November Our Bureau
Mumbai , Jan. 4 SUZUKI Powertrain India Ltd, Reliance Industries Ltd and Maruti Suzuki Automobiles are some of the companies that raised money overseas through the automatic route in November. A total of 47 companies raised $951.45 million worth external commercial borrowings through the automatic route, while five companies raised $16.05 million through the approval route, said Reserve Bank of India in its latest figures. Suzuki Powertrain India Ltd raised $138 million and Maruti Suzuki raised $102 million for a period of over seven years for project financing. Reliance raised two loans of $90 million and $120 million for refinancing of old loans for five years each. Through the approval route, Srei Infrastructure Finance Ltd raised $5.9 million and $8 million for import of capital goods for a period of eight years.
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