 "Indian cos invested 15% less in foreign ventures in May")
The investments in April 2015, which came in at USD 2.23 billion, were a mix of issuance of guarantees (USD 1.06 billion), loan (USD 235.13 million) and equity (USD 219.56 million), RBI data showed today.
Among major Indian companies that invested abroad are Firstsource Solutions (USD 176.75 million), Wipro (USD 138.67 million) and Godrej Consumer Products (USD 132.89 million).
The corresponding figure for Piramal Enterprises stood at USD 54.85 million, while for Sterling and Wilson Pvt and Cairn India, it was USD 49.62 million and USD 41.7 million, respectively.
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