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Overseas fundraising by Indian companies moderates in September: RBI data
Nov-13-2026

The Reserve Bank of India (RBI) in its latest data report has showed that Indian companies registered overseas borrowings worth $7.05 billion in September 2026 through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs), lower than $8.13 billion in August. Of the total, $6.71 billion worth of proposals were under the general permission route, while $336.94 million was under the special permission route. Infrastructure, energy, manufacturing and financial services companies were among the major borrowers.

The report further noted that among the prominent companies that filed their intent in September was Mangang Constructions, which plans to raise $1 billion for general corporate purposes, followed by the National Bank for Financing Infrastructure and Development which plans to raise $1 billion from the international capital market for 10 years for on-lending or sub-lending activities. Hindustan Petroleum Corporation plans to raise $500 million from a resident financial institution's branch outside India for five years for general corporate purposes.

Housing and Urban Development Corporation (HUDCO) plans to raise $500 million from a resident financial institution's branch outside India for five years to refinance rupee loans. Further, REC plans to raise $300 million from a financial institution in the IFSC for five years for general corporate purposes. NHPC plans to raise nearly $254.51 million from a financial institution in the IFSC for five years and four months for working capital requirements.


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