Tuesday, October 06
Mumbai: Non-banking finance companies dominated the overseas loan fundraising of India Inc in April, in continuation with the trend seen in the past financial year.Fund RaisingIndian companies and non-bank lenders raised $2.92 billion through overseas loans in April, data released by the Reserve Bank of India (RBI) on Thursday showed.Of the total, over half, or $1.53 billion, were raised by six NBFCs for the purpose of on-lending and sub-lending. In April, Shriram Finance topped the overall chart with a total external commercial borrowing of $955 million across two loans. SMFG India Credit Company and Indian Renewable Energy Development Agency raised $208 million and $180 million, respectively.NTT Global Data Centers and Cloud Infrastructure, Intas Pharmaceuticals, AM Green Ammonia (India)
