Indian companies’ ECBs soar 60% in July to $3.43 billion - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Indian companies’ ECBs soar 60% in July to $3.43 billion

Among the major borrowers, REC Ltd -- which is engaged in financial services in the power sector -- was the only company to raise the entire 400 million via approval route of the ECB for the purpose of on-lending, showed the RBI data.

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