India Inc's Jan overseas investment rises 40% at $3.14 billion

Investments were in the form of issuance of guarantees ($1.41 billion), loan ($193.05 million), equity ($1.54 billion)

Overseas investment by the Indian companies rose by 40.4% to $3.14 billion in January 2016, the Reserve Bank data showed Monday.

In January 2015, Indian companies had invested $2.24 billion in overseas markets.

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The investments were in the form of issuance of guarantees ($1.41 billion), loan ($193.05 million) and of equity ($1.54 billion).

The major investors include Emcure Pharma, Glenmark Pharma, Edelweiss Financial, Shree Renuka Sugara, Living Entertainment, Gujarat State Fertilisers and Chemicals, Infosys.

Emcure Pharmaceuticals made an investment of $112.92 million during January in overseas market, Edelweiss Financial Services $100.85 million and Shree Renuka Sugars $100.5 million.

Among others include Glenmark Pharmaceuticals $86.82 million, Living Entertainment Enterprises $62.23 million, Gujarat State Fertilisers and Chemicals $41.1 million and Infosys $32.56 million.