India Inc ECB, FCCB fundraising intent falls to $7.05 bn
In short
India Inc’s intended fundraising through ECBs and FCCBs fell to $7.05 billion in September. Of this, $6.71 billion was under the general permission route and $336.94 million was under the special permission route.
The figure tracks how much overseas borrowing and bond raising Indian companies planned. It gives a snapshot of corporate fundraising appetite.
What the reporting says
India Inc’s ECB and FCCB fundraising intent fell to $7.05 billion in September, according to the reported figures. Of that total, $6.71 billion came under the general permission route and $336.94 million under the special permission route.
Why it matters
India Inc’s reported intent to raise $7.05 billion through ECBs and FCCBs in September was split between $6.71 billion under the general permission route and $336.94 million under the special permission route.