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Indian firms raised over $2 bn from overseas in July

Category :India Sub Category :National,Business
2009-08-27 00:00:00
   Views : 705

Statistics released late Wednesday by the Reserve Bank of India (RBI) showed that automaker Volkswagen's $190 million for their India project and $183 million raised by Fiat India for capital goods were also among the notable fund-raising exercises.

As many as 39 companies used the automatic route to raise $1.94 billion, while seven companies raised $74.25 million through the approved route, RBI said.

The fund-raising data further revealed that Indian companies raised $4.73 billion in the first four months of this fiscal, against $6.52 billion during the corresponding four months of the previous fiscal.




Author :Indo Asian News Service



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