According to the RBI data, on Outward Foreign Direct Investment (OFDI), the domestic companies had invested over $2.56 billion in July 2021 in the form of equity, loan and issuances of guarantees.
The Indian businesses invested $579.15 million by equity infusion, $193.21 million as loans and $337.49 million infused by issuing guarantees to their overseas ventures during July 2022, the RBI data showed.
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Major investors include billionaire Mukesh Ambani's Reliance Industries which invested $160 million in its wholly-owned energy subsidiary in Singapore, followed by Reliance Industrial Investments & Holdings $40.74 million in the fully-owned unit in retail business in the UK, and Ravindra Energy putting $33 million in its fully-owned unit in the UAE.
Also, Hasham Traders invested $32.71 million in a joint venture in the US, which is into financial services.
With PTI inputs.
