Indian companies' foreign investment declines 36% to $1.39 bn in July, shows RBI data

Of the $1.39 billion invested in July this year, $608.52 million was the equity capital, $406.74 million was through loan and $371.86 million came in the form of issuance of guarantees.

Press Trust of India September 04, 2018 17:37:39 IST
Indian companies' foreign investment declines 36% to $1.39 bn in July, shows RBI data

Mumbai: Investment by Indian companies in their overseas ventures fell by more than 36 percent to $1.39 billion in July this year, the Reserve Bank data showed.

Indian companies had invested $2.17 billion in their overseas subsidiaries and joint ventures in the form of a loan, equity and issuance of guarantee in July 2017.

Indian companies foreign investment declines 36 to 139 bn in July shows RBI data

US dollars. Reuters

In June 2018, domestic firms invested $2.07 billion in their ventures located out of India.

Of the $1.39 billion invested in July this year, $608.52 million was the equity capital, $406.74 million was through loan and $371.86 million came in the form of issuance of guarantees.

Among major investors, Serum Institute of India Pvt Ltd invested $187.39 million in its wholly-owned subsidiary in the Netherlands.

Sterlite Technologies invested $66.67 million in Italy, Interglobe Enterprises $54.65 million in the UK and JSW Steel $50.47 million in the US.

Updated Date:

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