New Delhi
India Inc had raised as much as $3.16 billion from overseas market in the corresponding month of the previous financial year.
Whereas no fund was raised by way of rupee-denominated bonds (RDBs) or masala bonds in April 2020, the borrowing during the yearago month included $304,462 through RDBs.
Of the total borrowing from the foreign market in April this year, $696.04 million was raised through the automatic route of the external commercial borrowings (ECB).
REC, the financial service provider in energy sector, was the sole entity to raise $300 million through the approval route of ECB for the purpose of on-lending.
Among the major borrowers in the automatic route included Sical Logistics $179.10 million for overseas acquisition.
Mahindra & Mahindra Financial Services raised $139.30 million for on-lending, and Adani International Container Terminal $98.51 million.
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