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RBI has given approvals to 39 companies to raise external commercial borrowings worth $473.21 million. The maturity of these ECBs have a range of three year one month to ten year one month and end uses as specified by the firms include working capital expenditure, general corporate expenditure, modernisation and import of capital goods.

Under the automatic route, Indian Hotels Company Ltd raised the maximum amount of $150 million with a maturity period of five years for import of capital goods. Nicholas Piramal India Ltd and Radico Khaitan Ltd raised $10 million each for the duration of three years two months and four years ten months respectively.

Other firms which raised funds through ECB routes are EID Parry (India) Ltd, Eihl Ltd, G-Link Treading Pvt Ltd, Indiamalt Pvt Ltd, Kerala Chemicals and Protiens Ltd, Rashtriya Chemical & Fertilisers Ltd, Saw Pipes Ltd, Sescoi India Solutions Pvt Ltd, Soma Textiles 7 Industries Ltd, Transworks IT Services (India) Ltd and Villa Trading Co Pvt Ltd.

.... Read Latest ECB Guidelines
.... Exclusive Section on ECB

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