Mumbai: India Inc raised $3.16 billion from overseas markets in November 2015, down 9.5 per cent from a year ago, RBI data showed on Monday.For latest news on Business, like us on Facebook and follow us on Twitter.
Of the total borrowings, by way of external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs), $2.11 billion was raised through the approval process while $1.05 billion came through the automatic route.
As many as 53 companies raised money from the automatic route and 4 via approval, showed RBI data.
In the approval category, ONGC Videsh Limited raised $1.78 billion for refinancing of an earlier ECB and the Rural Electrification Corporation mobilised $300 million for on-lending.
In the automatic mode, the major borrowers were Indian Railway Finance Corporation ($400 million) for refinancing of an earlier ECB and Power Finance Corporation ($360 million) for on-lending.
Adani Hazira Port mopped up $80 million for port-related activity and Inbisco India $18.8 million for refinancing ECB.