Foreign debt of domestic companies reaches $ 2.12 billion, 6.5% higher than last year

New Delhi, 05 January: Foreign debt of domestic companies reached $ 2.12 billion in November 2019, which is 6.5 percent higher than the $ 1.99 billion last year. The debt stood at $ 1.99 billion in November 2018.

According to the Reserve Bank of India (RBI) data, domestic companies raised debt of $ 2,11,53,22,022 in November through the automatic approval route for external commercial loans (ECBs). No capital was raised through the approval route. The remaining debt of $ 9,86,681 was raised by issuing bonds (RDBs) worth Rs. During this period, Adani Transmission raised $ 500 million, Tata Motors raised $ 400 million, ONGC raised $ 300 million and JSW Steel raised $ 250 million through the ECB’s automatic route.

Apart from these domestic giants, Home Credit India Finance raised $ 615 million, Nipro India Corporation raised $ 5.21 million and Owens-Corning India Private Limited, ExxonMobil Services raised $ 30 million each. In the meantime, Guides Financial alone raised funds from Masala Bonds or Rupee Based Bonds.

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