Business Daily from THE HINDU group of publications
Wednesday, Aug 23, 2006

Cross Currency

Group Sites

Corporate - Overseas Borrowings
Money & Banking - Forex
ECBs in June top $ 1 b

Our Bureau

Chennai, Aug 22

As many as 72 Indian companies borrowed $1.05 billion (about Rs 4,600 crore) overseas during June 2006, according to data released by the Reserve Bank of India. These companies have borrowed about $4.4 billion or Rs 20,000 crore in the first quarter of this fiscal. Indian companies had borrowed abroad the equivalent of about Rs 78,000 crore last fiscal.

The top borrowers in June were Amtek Auto ($250 million) and Jain Irrigation ($60 million). Six companies including Amtek Auto used the Foreign Currency Convertible Bond (FCCB) route to raise money abroad.

More Stories on : Overseas Borrowings | Forex | Corporate Bonds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Cabinet panel to decide on RNRL objections

CLB urges Bajaj brothers to aim for settlement
Kesar Enterprises in talks with FIIs for FCCB issue
ECBs in June top $ 1 b
Suryajyoti to raise $20 m
Avesthagen bags Red Herring award
Madras HC to hear Novartis plea on Glivec today
HLL to seek outplacement for food division employees
Mahalakshmi Profiles makes Rs 6-cr expansion plans
Coromandel Fert Tunisian venture
Ma Foi Academy in Shanghai
BHEL officers to boycott jubilee celebrations
Ventures with Mittal on, says ONGC
Elgi teams up with IOC for lube oil launch
Singareni Collieries, NTPC to form joint venture
U21 Global to tie up with IIM-B for online course
TERI, GTZ award for fighting AIDS
Endurance raises Rs 150 cr
Tayal group forays into real estate
Monsanto anxious over pricing of Bt cottonseed
ONGC increases gas production, supplies at Hazira
ONGC Rajahmundry profit at Rs 350 cr

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line