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Thursday, Jan 05, 2006


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Corporate - 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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