Mumbai: India Inc raised USD 637.29 million from overseas markets in December 2014, up 13.65 per cent from year-ago period, according to the RBI data.
The domestic companies had raised USD 560.73 million from overseas markets in the same month last year.
Of the total borrowings during the month under review, USD 145.62 million was raised through approval route, while USD 491.67 million came through automatic route.
As many as 59 companies raised money from automatic route and 4 firms raised via approval route.
In the approval route category, Oil India Limited raised USD 125 million for refinancing of earlier ECB, Goldman Sachs Services Pvt Ltd USD 75 million for general corporate purpose, Sabmiller India Ltd raised USD 50 million for general corporate usage and Himatsingka Seida Limited raised USD 21 million for overseas acquisition.
In the approval route, Air India raised USD 99.5 million for import of capital goods, Sandisk India Device Design Centre Private Limited and Mercator Limited raised USD 28 million and USD 18 million respectively for mordernisation projects.
