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India Inc's foreign funds swell 60%
By agencies
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Tuesday, 04 October 2005, 19:30 IST
MUMBAI: Indian Corporates raised $13.19 billion between Jan-Sep '05 as against $8.25 billion in year-ago period, a business newspaper reported.
India Incs overseas fund-raising through bonds, convertibles and equities jumped 60 percent during January-September 2005 in the first nine months of 2004, the Business Standard said.
The other reason for this huge rise in overseas fund-raising is the robust investment climate with most corporates raising resources to finance capacity addition on the back of healthy order books.
Funds raised via overseas syndicated loans during January-September 2005 jumped 63 per cent to $6.91 billion from $4.22 billion a year earlier. But the amount raised through overseas bond issues is lower in 2005 at $3.43 billion against $3.91 billion in the same period of 2004, the paper added.