Foreign investors buying only government bonds need not disclose their investor group details as these securities carry low risk, the SEBI had said
Ireda said that this additional fundraising will be done via corporate bonds of various categories banks, foreign investors, and international agencies
State-owned REC Ltd on Friday said its board has approved raising the borrowing limit in foreign currency to USD 24 billion form USD 20 billion. The overall borrowing limit in Indian rupees was however retained at Rs 6 lakh crore, the company said in an exchange filing. The board of directors at its meeting held on Friday approved "proposal of retaining the overall borrowing limit of the company in INR at Rs 6,00,000 crore and increase the borrowing limit in any foreign currency equivalent from USD 20 billion to USD 24 billion..." The board also approved raising up to Rs 1,45,000 crore through private placement of unsecured/secured non-convertible bonds/debentures. The funds will be raised, in one or more tranches, from time to time, during one year from the date of passing of resolution by the shareholders in the ensuing annual general meeting. Besides, it approved appointment of Harsh Baweja as Director (Finance) (Additional Director) and Chief Financial Officer of REC with effe
The bank raised foreign currency resources of $3.26 billion equivalent during the financial year 2024
Indian companies raised over $3.43 billion from foreign markets through external commercial borrowings (ECBs) in July this year, up by nearly 60 per cent from a year ago, RBI data showed on Thursday
Indian businesses had raised $1.49 billion by way of external commercial borrowings (ECB) in May 2020.
The outlook suggests officials still want to guarantee the recovery from last year's coronavirus recession by maintaining ultra-low borrowing costs and asset-buying programs
While interest earnings are the mainstay, the banks are also active in derivatives and treasury operations
India Inc's foreign borrowings fell by over 47 per cent in August this year to $1.75 billion, data from the Reserve Bank showed on Monday
The domestic companies had raised $5.40 billion from the overseas markets in June 2019
India Inc had raised as much as $3.16 billion from overseas market in the corresponding month of the previous financial year
Cholamandalam Investment and Finance Company was the only company to have floated masala bonds overseas
Indian companies had raised $1.41 billion in borrowings from overseas markets in October 2018
Surge in foreign borrowing poses risks
Adani Ports and Special Economic Zone raised $750 mn for rupee expenditure, $650 mn for refinancing of earlier ECB, ONGC Videsh and $500 mn for other purposes
Finance Minister Nirmala Sitharaman announced that India was looking to raise around $10 billion via overseas foreign currency sovereign bonds in the current fiscal year
The domestic firms had raised $1.31 billion through the ECB route in December 2017
Of the total borrowings (ECB), $1.75 billion was raised through automatic route and rest from approval route of the ECB
Among major companies which tapped the overseas market to raise capital included - Reliance Jio, Aditya Birla Finance, Vayu Urja Bharat Private Ltd and JSW Steel Ltd
The rest of $314.99 million was sourced by floating rupee denominated bonds by Indian firms in overseas markets