India Inc’s overseas direct investment drops 35% to $1.05 billion in Nov 2018 against to $1.62 billion in November 2017
Overseas investment In October 2018 stood at $1.96 billion.
Of the total investment in November 2018, 43% was invested in equity, 21% in loan and rest of 37% is in the form of issuance of guarantee, according to the RBI data on Outward Foreign Direct Investment (OFDI).
Among the major investors were Bank of Baroda, which infused $190.39 million in its UK subsidiary Bank of Baroda (UK) Ltd; Vedanta Ltd $(172.50 million in its Mauritius-based wholly owned subsidiary), GMR Airports ($82.37 million in the Netherlands) and Sterling and Wilson ($48.70 million in the UAE).
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