GET Stock QuotesNews18 APP
News18 English
cricketnext
»
1-min read

India Inc's Overseas Investment Drops 56% in May

India Inc's foreign investment witnessed a sharp 56 percent decline at USD 1.26 billion in May this year.

PTI

Updated:June 15, 2017, 9:56 PM IST
facebookTwittergoogleskypewhatsapp
India Inc's Overseas Investment Drops 56% in May
Image for representation only.
Mumbai: India Inc's foreign investment witnessed a sharp 56 percent decline at USD 1.26 billion in May this year.

Indian companies had invested USD 2.84 billion overseas in the same month a year ago.

The Indian businesses' foreign investment also saw a decline on monthly basis as compared to USD 3.15 billion in April 2017, a fall of 60 per cent, according to RBI data.

Of the total financial commitment by Indian firms in their overseas ventures, USD 713.18 million was in form of issuance of guarantee, USD 161.74 million as loan while rest of USD 385.95 million was through equity infusion.

Among major investors, pharma major Dr Reddy's Laboratories invested USD 263 million in its wholly owned unit in Switzerland.

ONGC Videsh Ltd made a gross investment of USD 74.08 million in its joint ventures and a fully owned subsidiary in various locations across the globe.

Among others, Coastal Gujarat Power Ltd infused USD 32.25 million in a fully owned company in Singapore and Indiabulls Real Estate USD 21.68 million in its wholly owned unit in Jersey.

Wadhawan Global Captial USD 33.30 million and Jain Irrigation USD 30 million in their respective wholly owned subsidiaries in the UK and the Netherlands.
Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Axis Bank 464.50 -48.65 -9.48
Reliance 914.50 +40.15 +4.59
MAS Financial S 654.40 +195.40 +42.57
ICICI Bank 263.15 -10.75 -3.92
Dewan Housing 602.50 +10.65 +1.80
Company Price Change %Gain
Aegis Logistics 221.45 -5.35 -2.36
MAS Financial S 654.75 +195.75 +42.65
Axis Bank 464.35 -48.85 -9.52
Reliance 913.75 +39.50 +4.52
Nilkamal 1,664.30 +42.90 +2.65
Top Gainers
Company Price Change %Gain
Reliance 914.50 +40.15 +4.59
Power Grid Corp 213.55 +8.65 +4.22
Indiabulls Hsg 1,358.40 +32.70 +2.47
ONGC 174.45 +3.25 +1.90
Wipro 294.75 +4.90 +1.69
Company Price Change %Gain
Reliance 913.75 +39.50 +4.52
Wipro 295.05 +5.55 +1.92
ONGC 174.20 +3.00 +1.75
Kotak Mahindra 1,096.70 +17.35 +1.61
ITC 270.35 +3.15 +1.18
Top Losers
Company Price Change %Gain
Axis Bank 464.50 -48.65 -9.48
ICICI Bank 263.15 -10.75 -3.92
Bharti Infratel 461.75 -17.45 -3.64
Cipla 611.00 -21.10 -3.34
Tech Mahindra 458.45 -14.55 -3.08
Company Price Change %Gain
Axis Bank 464.35 -48.85 -9.52
ICICI Bank 263.05 -10.85 -3.96
Cipla 610.70 -20.55 -3.26
SBI 244.20 -6.95 -2.77
Lupin 1,048.90 -17.75 -1.66

Live TV