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India Inc files ECB intent worth $3.48 billion in June, shows RBI data
Among the prominent firms filing intent in June were Mumbai International Airport Ltd, seeking $750 million to refinance an earlier ECB to be raised through the international capital market, and Tata Electronics Pvt Ltd, applying for a $400 million facility from a commercial bank for seven years to build a new project.
Adani Airport Holdings Ltd, engaged in warehousing and support activities for transportation, applied for $150 million for on-lending and sub-lending activity, with a credit facility duration of 42 months. Agratas Energy Storage Solutions Pvt Ltd, a manufacturer of electrical equipment, is looking to raise $100 million from a commercial bank to import capital goods.
State-owned power sector company NTPC Ltd filed intent through the approval route to raise $750 million for infrastructure development. It plans to tap the overseas branch of an Indian commercial bank for a long-term loan with a duration of 64 months.
Among financial services firms, Muthoot Fincorp Ltd applied to raise $70 million for on-lending and sub-lending operations, while IIFL Home Finance Ltd is seeking $100 million from a multilateral agency for on-lending activities.
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