India Inc’s elevating of assets by the exterior credit score line (ECB) at $5.20 billion in November 2022 is the best in FY23 thus far, going by RBI knowledge .

The international fund elevating in November was 3.63 instances larger than that of Indian firms within the earlier month. As of October 2022, India Inc has raised $1.43 billion by ECBs.

Reliance Industries Ltd and Reliance Jio Infocomm Ltd collectively held 58 p.c of India Inc’s capital. Each firms raised $1.5 billion every.

See additionally:India Inc data 2,007 offers price $127 billion by 2022: Report

Other than the above firms, different main fund raisers in November embody Renew Surya Roshni Personal Ltd ($985 million), Hindustan Petroleum Company Ltd ($250 million), JSW Vijayanagar Metallics Ltd ($200 million), Adani Photo voltaic Vitality AP Six Personal Restricted ($196.62 million). ), and Larsen and Toubro Restricted ($107 million).

General, Indian firms collected $16.99 billion within the first eight months of FY23 in comparison with $18.51 billion within the earlier yr.

Supply hyperlink